Net Farm Income Will Rise for Crops and Livestock, But Won't Make Up for 2018 Decline

After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.

• Sep 30, 2019Corn and Soybean Stocks Come In Below Trade Expectations | Red River Farm Network-0.9%
• Nov 11, 2019USDA Forecasts Production Declines for Minnesota | Red River Farm Network-1.0%
• Feb 16, 2023Feb WASDE Stocks-to-Use Ratios for Major Crops-0.4%
• Dec 12, 2017Lack of rain delays planting and reduces corn crop forecast in 2018 | News Agency+1.9%
• Apr 12, 2021Feed prices will weigh on livestock budgets - Brownfield Ag News+0.9%

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.

• Aug 21, 2018In the new season will increase the demand for canola and canola-5.3%
• Feb 7, 2022Farm Prices for U.S. Major Field Crops Projected To Decline | Economic Research Service+1.9%
• Apr 16, 2019U.S. Farm Income Outlook for 2019 - EveryCRSReport.com-4.1%
• May 10, 2017Updated Supply and Demand Expectations for Corn and Soybeans in 2017/18 | Farm Bureau Intel Markets | American Farm Bureau Federation+1.1%
• Nov 26, 2021Soybean output up in Europe, but fall off in demand predicted for non-GM meal-1.8%