Loading…
Federal farm payments are projected to reach a record $46 billion this year as the White House directs money to rural areas ahead of the election. The available text is truncated.
Record subsidies support farm incomes and can slow acreage and herd adjustments, which is mildly bearish for crop prices over time, though the effect on near-term feed supply is limited.
nytimes.comAlan RappeportNov 1, 2020After 310 past bearish policy events, Corn moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% over 20.
After 369 past bearish policy events, Soybeans moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% 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.
