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A University of Kentucky extension article reports that the $900 billion COVID stimulus package includes $13 billion for agriculture and $13 billion for food assistance. USDA also announced CFAP 2.1 payments of up to $2.3 billion, with a third CFAP round planned for 2021.
Additional farm payments support producer cash flow and may slow forced selling, but the amounts are modest relative to the market and unlikely to move feed grain prices much.
agecon.mgcafe.uky.eduWill Snell, Extension ProfessorJan 28, 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.
