◂ Event Timeline

Nov 18, 2022POLICYUS

USDA Previews Crop and Revenue Loss Assistance for Agricultural Producers: New Programs Will Provide Additional Pandemic and Natural Disaster Assistance for 2020 and 2021; Deadline Announced for Previous Emergency Relief

USDA Secretary Vilsack previewed the Emergency Relief Program Phase Two and a new Pandemic Assistance Revenue Program to offset 2020 and 2021 crop and revenue losses. USDA is sharing early information so producers can gather documents before rollout.

WHY IT MATTERS

Disaster payments can support producer cash flow and retention of herds and acreage, but the programs are too small and late to shift feed supply or prices meaningfully.

AFFECTSCorn Soybeans Wheat (SRW)

SOURCE
fsa.usda.govNov 18, 2022

Price reaction & history

Cornno directional readSO FAR1d +0.0%5d -1.5%20d -5.1%

After 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.

Soybeansno directional readSO FAR1d +0.8%5d +1.4%20d +4.4%

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.

Wheat (SRW)no directional readSO FAR1d -0.1%5d +0.8%20d -0.4%

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.

Corn CORN · GP ▸

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Soybeans SOY · GP ▸

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