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The Chicago and Kansas City Federal Reserve banks reported that Midwest farmland values rose 1% in 2017 after three years of declines. Agricultural credit conditions deteriorated further in the fourth quarter of 2017, with loan repayment rates lower and renewals higher.
Stress in farm credit may push farmers to sell grain and reduce spending, which adds modest bearish pressure on feed grain prices over time.
farmpolicynews.illinois.eduKeith GoodFeb 19, 2018After 541 past macro events, Corn moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% over 20.
After 456 past macro events, Soybeans moved a median -0.0% over 5 sessions (50% higher; middle half -2.1% to +1.6%), 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.
