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PolitiFact rates as false a claim that Biden will redirect $30 billion Trump left for farmers to climate change, noting the fund is a 1933 Commodity Credit Corporation-style fund used by Trump for trade aid. The nominee for agriculture secretary has said part of the fund could pay farmers for sustainable practices.
Possible reallocation of the fund toward climate incentives would still flow to farmers, so the direct effect on feed commodity supply and prices is limited.
politifact.comTom KertscherFeb 18, 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, Soybeans 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 (SRW) 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.
