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A federal watchdog report found that USDA's 2018 and 2019 Market Facilitation Program payments exceeded actual trade damage, with corn producers receiving about $3 billion more than USDA's damage estimate. Farm groups received more than $21.7 billion in those years across major crops, plus dairy, hog and specialty crop payments.
The findings affect how future trade-aid programs are designed and funded, but they do not change current feed supply or demand. Any price effect on corn is likely minimal.
apnews.comDavid PittDec 21, 2021After 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.
