Loading…
USDA announced a second-year Market Facilitation Program tariff aid plan that pays one rate per county across all covered commodities. Payments will be based on 2019 planted acres, which cannot exceed 2018 plantings.
USDA did not release the actual payment rates.
A single flat payment rate is designed not to shift planting toward specific crops, so it should have little direct effect on feed grain or oilseed prices.
porkbusiness.comJohn HerathNov 20, 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.
