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USDA Secretary Sonny Perdue summarized the department's 2020 accomplishments, including $8.6 billion in food purchases through AMS in fiscal 2020. The Farmers to Families Food Box Program, funded through CFAP, was a major part of those purchases.
Government food purchases support prices for specific products such as dairy, meat and produce, but the release is a retrospective summary with little forward price impact for feed markets.
usda.govDec 16, 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.
