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A Minnesota farm management analyst outlined key 2021 agricultural policy issues, including COVID-19 measures, the new USDA Secretary and EPA leadership, and new congressional agriculture committee leaders. He said these appointments will shape how policies are implemented.
Leadership changes at USDA and EPA could alter biofuel and regulatory policy that affects corn and soybean oil demand, but the commentary does not announce a specific change.
morningagclips.comAubreyJan 5, 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.
