USDA's NRCS announced expanded 2022 climate-smart conservation options, including nationwide EQIP Conservation Incentive Contracts, a streamlined EQIP Cover Crop Initiative, and easier CSP re-enrollment. NRCS also announced a partnership with Farmers For Soil Health to promote soil health practices on corn and soybean farms.
Expanded cover crop incentives could gradually shift corn and soybean acreage practices, but the price effect in the near term is minimal.
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.
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.