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A Federal Reserve regional survey found moderate economic growth in spring 2017. Farm prices were mixed, with increases for cotton, peanuts, chickens and hogs, while corn and wheat prices declined.
The Kansas City district reported generally weak agricultural conditions with some improvement.
Lower corn and wheat prices reported at the farm level reflect soft grain demand and ample supply. Livestock price gains point to firmer demand for meat and feed.
apnews.comMartin CrutsingerApr 19, 2017After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
After 100 past bullish report events, Lean Hogs moved a median -0.2% over 5 sessions (49% higher; middle half -1.9% to +2.0%), and -0.4% over 20.
Not enough comparable past events yet for a historical read.
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.
