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A GAO report finds USDA's Farm Service Agency could have done better verifying accuracy and equity in Market Facilitation Program payments made for 2018 and 2019 trade disruptions. FSA distributed $23 billion in these payments, and the review of 2018 payments was statistically limited.
Oversight findings on trade aid may shape future ad hoc farm assistance and congressional scrutiny, but they have little direct effect on feed commodity prices.
farmprogress.comJacqui FatkaFeb 15, 2022After 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.
