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The USDA Economic Research Service reports that almost $6 billion in Paycheck Protection Program loans went to farm operations in 2020, with about 121,000 farm operations applying. The data draws on the 2019 Agricultural Resource Management Survey and SBA loan records.
Pandemic relief for farms supported operating liquidity during 2020 but does not directly affect feed supply or demand. The article is a retrospective data release with no meaningful price implication.
ers.usda.govOct 4, 2021After 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.
