Loading…
An investigation finds that the USDA Market Facilitation Program, a Trump-era payment program for trade-war losses, paid more than $23 billion. It bypassed Congressional approval by using the Commodity Credit Corporation and, per GAO and USDA auditors, sent over $800 million improperly.
This is a historical review of past subsidy payments with no direct new supply or demand change, so it has little effect on feed grain or meal prices.
agriculture.comMinnesota ReformerNov 4, 2022After 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.
