Loading…
Gro Intelligence reports that US corn's operating profit per acre in 2017 was $285, below the $297 earned by soybeans, with corn net losses once overhead and land costs are included. Rising corn production costs are a key theme.
Higher corn production costs relative to soybeans may shift US planting toward soybeans, which over time would tighten corn supply and favor soy acreage.
gro-intelligence.comFeb 27, 2019After 151 past bullish macro events, Corn moved a median +0.2% over 5 sessions (57% higher; middle half -0.9% to +1.4%), and -0.3% over 20.
After 123 past bullish macro events, Soybeans moved a median +0.3% over 5 sessions (60% higher; middle half -1.0% to +1.8%), and -0.4% 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.
