# Federal Reserve: Observations on the Ag Economy- July 2019 | Farm Policy News | Illinois

> The Federal Reserve's July 2019 Beige Book reported mixed agricultural conditions across districts. The Atlanta district saw mostly normal crop planting, while the Chicago district reported severe wet-weather planting delays, with some farmers forced to file insurance claims and plant cover crops instead of corn and soybeans.

- Date: 2019-07-01 · published 2019-07-01T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/9495-federal-reserve-observations-on-the-ag-economy-july-2019-farm-policy-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Late planting and expected lower fall yields tighten corn and soybean supply, supporting prices for feed grains and soybean meal.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-01-16 | [Federal Reserve: Observations on the Ag Economy- January 2019 - Farm Policy News](https://feedsoft.ai/events/12391-federal-reserve-observations-on-the-ag-economy-january-2019-farm-policy-news.md) | +1.2% | +2.8% |
| CORN | 2020-07-15 | [Federal Reserve: Observations on the Ag Economy- July 2020](https://feedsoft.ai/events/5293-federal-reserve-observations-on-the-ag-economy-july-2020.md) | -2.3% | -3.2% |
| CORN | 2021-04-14 | [Federal Reserve: Observations on the Ag Economy- April 2021](https://feedsoft.ai/events/47518-federal-reserve-observations-on-the-ag-economy-april-2021.md) | +1.8% | +23.6% |
| CORN | 2021-04-07 | [2020 U.S. Ag Exports Second Highest on Record, Led by Soybeans, Corn and Pork to China \| Farm Policy News \| Illinois](https://feedsoft.ai/events/47452-2020-u-s-ag-exports-second-highest-on-record-led-by-soybeans-corn-and-pork-to.md) | +2.8% | +25.3% |
| CORN | 2021-11-14 | [Fertilizer: “Supply Disruptions Push Prices to New Highs” \| Farm Policy News \| Illinois](https://feedsoft.ai/events/44342-fertilizer-supply-disruptions-push-prices-to-new-highs-farm-policy-news-illinois.md) | -2.1% | +1.5% |
| SOY | 2019-01-16 | [Federal Reserve: Observations on the Ag Economy- January 2019 - Farm Policy News](https://feedsoft.ai/events/12391-federal-reserve-observations-on-the-ag-economy-january-2019-farm-policy-news.md) | +2.4% | +2.6% |
| SOY | 2020-07-15 | [Federal Reserve: Observations on the Ag Economy- July 2020](https://feedsoft.ai/events/5293-federal-reserve-observations-on-the-ag-economy-july-2020.md) | +1.6% | -0.5% |
| SOY | 2021-04-14 | [Federal Reserve: Observations on the Ag Economy- April 2021](https://feedsoft.ai/events/47518-federal-reserve-observations-on-the-ag-economy-april-2021.md) | +5.9% | +17.8% |

## Sources

- farmpolicynews.illinois.edu: https://farmpolicynews.illinois.edu/2019/07/federal-reserve-observations-on-the-ag-economy-july-2019/

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