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USDA FSA released 2019 ARC and PLC payments totaling $6.2 billion across 23 covered commodities. Wheat received 28% of those payments and corn 25%, and the analysis weighs these against ad hoc aid in the context of the 2023 farm bill.
The analysis highlights the scale of safety-net support for wheat and corn growers, which can sustain planted acreage, but it does not signal a supply shock.
origin.farmdocdaily.illinois.eduHongxia JiaoFeb 18, 2021After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% over 20.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
