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USDA economists estimate the government sent $57.7 billion to farm operations and households in 2020, including crop insurance indemnities and unemployment benefits, the highest estimate yet. The piece also recaps earlier pandemic aid announcements from 2020.
Large government support cushioned farm incomes during the pandemic, which can keep acreage and feed output steady, but it is a historical tally with minimal direct price impact.
thefern.orgChuck AbbottJul 25, 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.
