Loading…
USDA announced up to an additional $14 billion in direct aid for producers facing COVID-19 market disruptions, funded through the CCC and CARES Act. Signup for the Coronavirus Food Assistance Program (CFAP 2) runs from September 21 through December 11, 2020, at FSA county offices.
Large direct payments can support farm cash flow and livestock and row-crop holding decisions, which may dampen selling pressure. The effect on feed-grain and meal prices is likely modest.
fsa.usda.govSep 18, 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.
