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University of Illinois economists expect 2021 U.S. farm incomes to fall without federal aid. Ad hoc government payments and a late-2020 production rebound lifted 2020 revenue.
The corn yield estimate was also cut from 181.8 bpa in August to 175.8 bpa.
Lower farm income without aid could slow farmer spending and marketing, while government payments have supported grain prices. The effect on feed commodity prices is modest.
agrinews-pubs.comTom DoranJan 22, 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.
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.
