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An Ohio State University farm management expert says Ohio corn and soybean farmers likely will break even or lose money in 2019, down from 2018 when record yields and government trade-aid payments boosted profits. The federal farm bill passed in December is budgeted at $426 billion over five years, and a farm bill summit is planned for April 11 in Versailles, Ohio.
Lower expected farm margins and uncertain reissuance of trade-aid payments could weigh on acreage decisions and feed-grain demand from producers, a modest bearish factor for corn and soybeans.
cfaes.osu.eduMar 18, 2019After 310 past bearish policy events, CORN moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% over 20.
After 369 past bearish policy events, SOY moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% 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.
