# U.S. Farm Income Outlook: November 2019 Forecast

> USDA's November 2019 farm income forecast highlights large corn and soybean stocks, poor planting and harvest weather, and diminished trade prospects. It also projects livestock production growth and sector income for 2019 and 2020.

- Date: 2019-12-18 · published 2019-12-18T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/55428-u-s-farm-income-outlook-november-2019-forecast
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Large stocks and weak trade prospects keep corn and soybean prices under pressure, which limits feed cost relief for livestock buyers only partly. The report mainly reflects existing conditions rather than new supply or demand changes.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-04-16 | [U.S. Farm Income Outlook for 2019 - EveryCRSReport.com](https://feedsoft.ai/events/59572-u-s-farm-income-outlook-for-2019-everycrsreport-com.md) | -4.1% | -9.0% |
| SOY | 2018-11-29 | [Outlook for U.S. Agricultural Trade: November 2018 \| Economic Research Service](https://feedsoft.ai/events/61931-outlook-for-u-s-agricultural-trade-november-2018-economic-research-service.md) | +2.1% | -0.9% |
| SOY | 2021-02-19 | [Outlook Forecasts Larger Corn, Soybean Crops for 2021](https://feedsoft.ai/events/48482-outlook-forecasts-larger-corn-soybean-crops-for-2021.md) | +2.3% | +1.3% |
| SOY | 2019-12-03 | [Grain crop review for November 2019](https://feedsoft.ai/events/55433-grain-crop-review-for-november-2019.md) | +3.1% | +8.3% |
| SOY | 2019-11-04 | [IEG Vantage Forecasts Stronger U.S. Crop Yields Ahead of November WASDE \| Red River Farm Network](https://feedsoft.ai/events/55894-ieg-vantage-forecasts-stronger-u-s-crop-yields-ahead-of-november-wasde-red.md) | -0.5% | -5.8% |
| CORN | 2019-04-16 | [U.S. Farm Income Outlook for 2019 - EveryCRSReport.com](https://feedsoft.ai/events/59572-u-s-farm-income-outlook-for-2019-everycrsreport-com.md) | -1.8% | -1.9% |
| CORN | 2018-02-08 | [2018 U.S. Farm Income Forecast Released - Farm Policy News](https://feedsoft.ai/events/66480-2018-u-s-farm-income-forecast-released-farm-policy-news.md) | +0.2% | +2.3% |
| CORN | 2021-02-19 | [Outlook Forecasts Larger Corn, Soybean Crops for 2021](https://feedsoft.ai/events/48482-outlook-forecasts-larger-corn-soybean-crops-for-2021.md) | +0.6% | -5.3% |

## Sources

- everycrsreport.com: https://www.everycrsreport.com/files/20191218_R46132_421e949be6080344ee749510d6480b24a8cae8ae.html
- everycrsreport.com: https://www.everycrsreport.com/reports/R46132.html

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.