With corn futures price currently at $4.89, technical analysts highlight the 20-day moving average as crucial support. Breaching this level could open a path toward $4.80, while holding above it strengthens bullish sentiment. Tell me what you think. I really enjoy getting emails from my valued Barchart readers all over the world. Email me at [email protected]. USDA says U.S. farm sector income set to increase this year… The agency’s Economic Research Service on Wednesday said net U.S. farm income, a broad measure of profits, is forecast to increase in 2025. Forecast at $179.8 billion for 2025, net farm income would be $52.0 billion (40.7 percent) higher than in 2024. Net cash farm income is forecast at $180.7 billion for 2025, an increase of $40.1 billion (28.5 percent) relative to 2024 (not adjusted for inflation). In inflation-adjusted 2025 dollars, net farm income is forecast to increase by $48.8 billion (37.2 percent) from 2024 to 2025, and net cash farm income is forecast to increase by $36.5 billion (25.3 percent) compared with the previous year. If realized, both measures in 2025 would be above their 2005–24 averages (in inflation-adjusted dollars). Overall, farm cash receipts are forecast to increase by $24.0 billion (4.7 percent) from 2024 to $535.2 billion in 2025 in nominal dollars. Total crop receipts are forecast to decrease by $6.1 billion (2.5 percent) from 2024 levels to $236.6 billion in 2025 following lower receipts for soybeans, corn, and wheat. Conversely, total animal/animal product receipts are projected to increase by $30.0 billion (11.2 percent) to $298.6 billion in 2025. Receipts for cattle, eggs, hogs, broilers, and turkeys are forecast to rise relative to 2024. Direct government farm payments are forecast at $40.5 billion for 2025, a $30.4-billion increase from 2024. The forecast increase is largely because of supplemental and ad hoc disaster assistance to farmers and ranchers from the American Relief Act of 2025. Total production expenses, including those associated with operator dwellings, are forecast to increase $12.0 billion (2.6 percent) from 2024 to $467.4 billion in 2025. Spending on livestock/poultry purchases are expected to see the largest increase relative to 2024 at $10.6 billion (21.5 percent) while spending on feed is expected to decline in $4.6 billion (6.2 percent) in 2025. Trading desks report corn futures price at $4.91 amid steady speculative inflows. The Chicago Board of Trade data indicates managed money is increasing long positions slightly, in anticipation of tighter global stocks.
