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US farmers are expected to receive $46.5 billion in government payments, the largest direct-to-farm payment ever, excluding USDA loans and crop insurance indemnities. The total includes $32.4 billion in pandemic relief and Paycheck Protection Program payments.
Large government payments support farm incomes and can keep production decisions steady despite weak market prices, with limited direct effect on feed commodity prices.
apnews.comDAVID PITTDec 31, 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.
