# Federal Reserve: Observations on the Ag Economy- July 2018 | Farm Policy News | Illinois

> The Federal Reserve's July 2018 Beige Book reported mixed US agricultural conditions. Corn and soybean prices fell in the Chicago district, reducing expected harvest profits, while livestock producers faced asset sales and dairy closures.

- Date: 2018-07-19 · published 2018-07-19T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/6566-federal-reserve-observations-on-the-ag-economy-july-2018-farm-policy-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Lower feed grain and soybean prices reflect weak farm income and oversupply, keeping downward pressure on feed costs for buyers while livestock stress persists.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-09-10 | [Federal Reserve: Observations on the Ag Economy- August 2019 - Farm Policy News](https://feedsoft.ai/events/6596-federal-reserve-observations-on-the-ag-economy-august-2019-farm-policy-news.md) | +6.7% | +9.3% |
| CORN | 2020-04-17 | [Federal Reserve-Observations on the Ag Economy-April 2020 - ProAg](https://feedsoft.ai/events/6056-federal-reserve-observations-on-the-ag-economy-april-2020-proag.md) | -0.9% | -1.5% |
| CORN | 2021-08-29 | [USDA Forecasts Record Farm Exports in FY 2021 and FY 2022 \| Farm Policy News \| Illinois](https://feedsoft.ai/events/45418-usda-forecasts-record-farm-exports-in-fy-2021-and-fy-2022-farm-policy-news.md) | -6.1% | -11.6% |
| CORN | 2023-02-16 | [USDA Agricultural Projections to 2032- Focus on Corn, Soybeans - Farm Policy News](https://feedsoft.ai/events/15335-usda-agricultural-projections-to-2032-focus-on-corn-soybeans-farm-policy-news.md) | -0.4% | -4.9% |
| CORN | 2019-03-18 | [USDA Agricultural Projections to 2028- Focus on Corn, Soybeans - Farm Policy News](https://feedsoft.ai/events/60114-usda-agricultural-projections-to-2028-focus-on-corn-soybeans-farm-policy-news.md) | +2.6% | -3.5% |
| SOY | 2019-09-10 | [Federal Reserve: Observations on the Ag Economy- August 2019 - Farm Policy News](https://feedsoft.ai/events/6596-federal-reserve-observations-on-the-ag-economy-august-2019-farm-policy-news.md) | +6.5% | +8.3% |
| SOY | 2019-03-18 | [USDA Agricultural Projections to 2028- Focus on Corn, Soybeans - Farm Policy News](https://feedsoft.ai/events/60114-usda-agricultural-projections-to-2028-focus-on-corn-soybeans-farm-policy-news.md) | -0.6% | -1.5% |
| SOY | 2023-10-01 | [Grain Prices “Steep Dive” Following Production, Stocks Reports \| Farm Policy News \| Illinois](https://feedsoft.ai/events/7137-grain-prices-steep-dive-following-production-stocks-reports-farm-policy-news.md) | -0.7% | +1.7% |

## Sources

- farmpolicynews.illinois.edu: https://farmpolicynews.illinois.edu/2018/07/federal-reserve-observations-on-the-ag-economy-july-2018/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.