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Farm Progress reports that floods, tornadoes and wet planting across the Corn Belt in 2019 are raising lender concerns, with floodwaters eroding farmland and damaging stored grain. Ad hoc trade and USDA disaster assistance is described as helping farmers manage low prices and tariff disputes.
Flood-related acreage losses and planting delays reduce expected Corn Belt supplies, which is supportive for corn and soybean prices, while aid helps farmers keep holding grain.
farmprogress.comJun 11, 2019After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% 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.
