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Reuters examined USDA data showing about $217 billion in farm payments during the Trump years, with Iowa receiving the second-largest total after Illinois. The piece describes farmers' political preferences and their reliance on government aid.
This is political and historical context on farm payments with no new supply, demand or trade development that would move feed prices.
reuters.comJames Oliphant, Leah Douglas, P.J. HuffstutterJan 11, 2024After 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.
