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USDA's farm income projections put 2019 net farm income at $69.4 billion, up 10% from 2018 but 18% below the 10-year average. Government payments are forecast to fall about 17% as market facilitation payments decline.
Weaker farm income and lower government support point to tighter producer finances and potentially more grain selling pressure, which weighs on feed grain prices.
everycrsreport.comApr 16, 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.
After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), 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.
