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farmdoc daily analyzes USDA's released 2021 ARC and PLC payments, which totaled $349 million, with PLC accounting for 70%. Peanuts and long-grain rice received the largest shares, and the authors question whether ARC-CO should act as a standing disaster program.
These are backward-looking payment figures for 2021 crops and do not alter current supply, demand or prices for feed commodities.
farmdocdaily.illinois.eduHongxia JiaoMay 22, 2023After 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% over 20.
After 2,447 past report events, Wheat (SRW) moved a median +0.0% over 5 sessions (51% higher; middle half -1.5% to +1.8%), 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.
