◂ Event Timeline

Feb 3, 2022REPORTUS

GAO details share of trade aid to minority farmers

GAO found that minority and historically underserved farmers received less than 4% of Market Facilitation Program payments, while farmers with adjusted gross incomes of at least $900,000 received $193 million. USDA paid $23 billion over 2018 and 2019, and Senate Agriculture Chairwoman Stabenow requested the analysis.

WHY IT MATTERS

The distribution findings concern policy fairness rather than supply or demand for feed grains, so the direct price impact is negligible.

AFFECTSCorn Soybeans Wheat (SRW)

SOURCE
agri-pulse.comPhilip BrasherFeb 3, 2022

Price reaction & history

Cornno directional readSO FAR1d -0.6%5d +3.2%20d +15.5%

After 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.

Mar 29, 2018Farmers plan to cut corn, soybean acreage, USDA says | 2018-03-29 | Agri-Pulse | Agri-Pulse Communications, Inc.+4.8%
Aug 30, 2019Trade mitigation payments boost farm income | 2019-08-30 | Agri-Pulse Communications, Inc.-2.4%
May 31, 2023USDA lowers ag trade forecast for FY 2023 | Agri-Pulse Communications, Inc.-1.8%
Aug 28, 2024Ag trade deficit to grow in FY25, as Chinese market shrinks | Agri-Pulse Communications, Inc.+4.4%
Jan 6, 2021USDA: Mexican stance against GMO hurts farmers | 2021-01-05 | Agri-Pulse Communications, Inc.+5.2%

Soybeansno directional readSO FAR1d -0.1%5d +3.2%20d +8.7%

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.

Mar 29, 2018Farmers plan to cut corn, soybean acreage, USDA says | 2018-03-29 | Agri-Pulse | Agri-Pulse Communications, Inc.+1.3%
Aug 30, 2019Trade mitigation payments boost farm income | 2019-08-30 | Agri-Pulse Communications, Inc.-1.3%
May 31, 2023USDA lowers ag trade forecast for FY 2023 | Agri-Pulse Communications, Inc.+4.4%
Aug 28, 2024Ag trade deficit to grow in FY25, as Chinese market shrinks | Agri-Pulse Communications, Inc.+4.0%
Jan 6, 2021USDA: Mexican stance against GMO hurts farmers | 2021-01-05 | Agri-Pulse Communications, Inc.+5.3%

Wheat (SRW)no directional readSO FAR1d -0.1%5d -1.0%20d +10.1%

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.

Corn CORN · GP ▸

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Soybeans SOY · GP ▸

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