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Purdue's 2021 outlook says farm policy in 2021 will be dominated by COVID-19 response, with stimulus and safety-net extensions stalled and a Senate outcome pending January runoffs. It expects a new administration to signal reversals on trade, immigration, energy and environment policy.
Uncertainty over trade and biofuel-related policy changes could shift export and demand expectations for feed grains and oilseeds, though the piece gives no concrete price action.
ag.purdue.eduSarah E Zahn, Morgan FrenchDec 9, 2020After 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.
