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CoBank's quarterly review said uncertainty over trade policy, weather and African swine fever drove volatility in U.S. agricultural markets in the third quarter. It noted that lower feed prices were supporting animal protein and dairy margins.
Lower corn and feed costs improve livestock and dairy margins, which can support demand for feed inputs while the trade outlook stays uncertain.
thefencepost.comCoBankOct 2, 2019After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% 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.
