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USDA announced automatic additional financial assistance for qualifying guaranteed farm loan borrowers facing financial risk. The aid is funded through $3.1 billion under Section 22006 of the Inflation Reduction Act and follows about $1.15 billion already provided to over 20,000 distressed borrowers.
The aid helps keep financially stressed farms operating, which supports production capacity. Its effect on commodity prices is small.
usda.govAug 11, 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.
