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USDA published a final rule amending the Coronavirus Food Assistance Program 2 (CFAP 2) for producers of sales-based commodities and contract producers. The rule also sets a deadline for CFAP 2 applications and clarifies general program provisions.
Direct payments to producers affect farm liquidity and marketing decisions, but the effect on feed grain and oilseed prices is small.
federalregister.govAug 27, 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, SOY 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 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.
