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USDA's February 4 Farm Sector Income Forecast projects 2022 US net farm income at $113.7 billion, down 4.5% from 2021. The decline reflects a 57% drop in direct government payments as pandemic assistance winds down.
Lower farm income and reduced government support may modestly constrain farmer spending on inputs, but it does not directly move feed commodity prices.
fb.orgDaniel MunchFeb 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.
