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President Trump spoke at the White House about the food supply chain and announced the $19 billion Coronavirus Food Assistance Program. The program includes $16 billion in direct payments to farmers and ranchers for pandemic losses.
He also discussed connecting farms to food banks.
Direct payments and food bank links may support farm incomes and keep livestock and crop operations running. This could sustain feed demand, but the remarks themselves do not change supply.
archive.orgMay 19, 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.
