
USDA's Farm Service Agency describes its Coronavirus Food Assistance Program 2 (CFAP 2), which covers over 300 commodities and accepts applications through December 11, 2020. The post is a regional outreach piece from a visit to New England producers.
Direct payments support producer incomes and can keep production going despite weak market prices, but they do not directly change supply or demand for feed ingredients.
After 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.