Loading…
USDA began issuing about $447 million in ARC and PLC payments for the 2023 crops. The announcement came as crop producers' cash receipts dropped sharply over the past two years.
Government payments cushion farm income but do not change planted area or supply in the near term, so the price effect is minimal.
dtnpf.comChris ClaytonOct 25, 2024After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% over 20.
After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% 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.
