◂ Event Timeline

Nov 2, 2021POLICYUS

USDA Provides $1.8 Billion to Offset Market Fluctuations

USDA is issuing $1.8 billion in 2020 crop-year ARC and PLC payments to producers enrolled in those safety-net programs. Farmers can make elections and enroll for 2022 coverage through March 15, 2022.

WHY IT MATTERS

Income support payments may keep acreage planted despite price swings, but the amount is modest relative to market size and has little immediate price effect.

AFFECTSCORN SOY WHEAT

SOURCE
fsa.usda.govNov 2, 2021

Price reaction & history

CORNno directional readSO FAR1d -0.6%5d +0.2%20d -2.5%

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.

SOYno directional readSO FAR1d +0.6%5d -4.8%20d -1.6%

After 1,905 past policy events, SOY moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), and +0.2% over 20.

WHEATno directional readSO FAR1d -0.1%5d -3.5%20d -3.5%

After 1,019 past policy events, WHEAT moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.5%), and +0.2% over 20.

Sep 18, 2020USDA to Provide Additional Direct Assistance to Farmers and Ranchers Impacted by the Coronavirus | Farm Service Agency-1.2%
Nov 5, 2020USDA Offers Critical Programs and Services to Support American Agriculture | Farmers.gov+0.4%
Apr 20, 2018Summary of Key H.R. 2 (Farm Bill) Provisions+0.1%
Dec 8, 2025Trump Administration Announces $12 Billion Farmer Bridge Payments for American Farmers Impacted by Unfair Market Disruptions | USDA-1.5%
Mar 21, 2023Farm Bill Discussion Needs to Focus on Food Security as Foreign Competition Takes US Markets - Constitution Partners+10.4%

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 · GP ▸

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SOY · GP ▸

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