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USDA released a year-end summary of its 2023 programs, citing farm financial assistance, rural broadband, climate initiatives and new markets for producers. The release frames these efforts as a basis for further work in 2024.
It contains no new supply, demand or price data.
The release describes existing programs and does not change crop supply or demand expectations. Its market impact is negligible for feed buyers.
usda.govDec 22, 2023After 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.
