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USDA released a summary of its farm program activity in 2019, citing support for producers hit by prevented planting, delayed harvests and retaliatory tariffs. RMA reportedly paid about $4.26 billion in prevented planting claims tied to flooding and excess moisture across more than 19.6 million unplanted acres.
Government payments are cushioning farm income and supporting feed grain supply decisions, but they do not change underlying crop output, so price pressure from large stocks persists.
fsa.usda.govDec 19, 2019After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% 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.
