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A National Taxpayers Union commentary argues that U.S. farmers earn far more from exports than from government payments. It says corn producers earned about $13.3 billion a year from exports over the last five years, compared with projected subsidies of $24.8 billion over ten years.
The argument highlights that export demand matters more to farm income than subsidies. It is an opinion piece without new market data, so the price impact is minimal.
ntu.orgBryan RileyOct 10, 2023After 1,982 past trade events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +1.6%), and +0.4% over 20.
After 1,802 past trade events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.7%), and +0.7% over 20.
After 1,079 past trade events, Wheat (SRW) moved a median -0.0% over 5 sessions (49% higher; middle half -1.6% to +1.7%), 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.
