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USDA announced about $13.8 billion in gross ARC and PLC payments for the 2025 crop year, the largest annual payout since these programs were created in the 2014 Farm Bill. Payments are subject to payment limitation reductions and sequestration.
The payments add liquidity to producers without directly changing supply, so the price effect on grain and feed markets is modest.
usda.govOct 7, 2026After 1,623 past policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.4% to +1.5%), and +0.4% over 20.
After 1,905 past policy events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), and +0.2% over 20.
After 1,019 past policy events, Wheat (SRW) moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.5%), and +0.2% 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.
