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U.S. farm bankruptcy filings rose about 20% in 2019, reaching an eight-year high according to court data. The increase reflects prolonged financial stress on farms.
Rising farm bankruptcies signal weaker farm finances, which can slow farmer spending and reduce feed purchases. The effect on commodity prices is limited.
reuters.comP.J. HuffstutterJan 31, 2020After 541 past macro events, Corn moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% over 20.
After 456 past macro events, Soybeans moved a median -0.0% over 5 sessions (50% higher; middle half -2.1% to +1.6%), and -0.4% over 20.
After 152 past macro events, Wheat (SRW) moved a median -0.1% over 5 sessions (47% higher; middle half -2.2% to +1.1%), and -0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
