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Farm Progress reports that billions in federal aid from the CFAP program are flowing to Midwest corn, soybean and wheat farms, while some producers receive nothing because of eligibility rules. Commentators say the farm bill lacks tools to handle the current trade-war environment.
The article notes that ad hoc payments now make up a large share of farm payments.
Government aid supports farm finances and planting decisions, which can keep supply ample and weigh on feed grain prices. Eligibility gaps could shift crop mix over time.
farmprogress.comMike WilsonJul 16, 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.
