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A GAO report found that the largest trade-bailout (Market Facilitation Program) payments went to Southern farms. Georgia producers averaged more than $42,500 per producer, more than double the national average of $16,500.
The report examines how past subsidy payments were distributed and does not change current supply or demand. It has little direct effect on feed commodity prices.
politico.comRyan McCrimmonSep 16, 2020After 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% over 20.
After 2,447 past report events, Wheat (SRW) moved a median +0.0% over 5 sessions (51% higher; middle half -1.5% to +1.8%), 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.
