Loading…
A Reuters Breakingviews column argues that U.S. farm aid has reached record levels, with over $22 billion promised last year, mostly to offset trade-war losses. Annual support averaged almost $12 billion in the prior five years.
Heavy government support keeps farmers planting and holding production in place despite weak market signals, which can weigh on prices over time.
reuters.comAnna SzymanskiNov 2, 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.
