Loading…
The Senate Agriculture Committee released a statement on a GAO report examining USDA's 2018 and 2019 Market Facilitation Program. The report found that payments overestimated trade damage and favored Southern producers, and Chairwoman Debbie Stabenow criticized the approach.
The report is a political and program-design matter for future farm aid, with little direct effect on feed grain prices.
agriculture.senate.govDec 20, 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.
