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An ERS analysis shows USDA commodity-income support has varied more since 2015 because of the shift to conditional ARC and PLC programs and lower prices from 2012 peaks. Combined support for corn, soybeans and wheat fell from $6.6 billion in 2016 to $1.8 billion in 2018.
Support payments that vary with prices change how much farmers rely on income support versus market revenue, which can influence planting decisions. The effect on feed grain prices is limited.
ers.usda.govAug 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.
After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.
