◂ Event Timeline

Aug 30, 2019REPORTUS

Trade mitigation payments boost farm income

USDA's Economic Research Service forecasts 2019 U.S. net farm income at $88 billion, up 4.8% from 2018. Direct government payments are forecast to rise 42.5% to $19.5 billion, driven by $14.5 billion in Market Facilitation Program payments.

WHY IT MATTERS

Higher trade mitigation payments support farm liquidity and sustain production and feed demand, but the income boost does not alter commodity fundamentals directly.

AFFECTSCorn◆Soybeans◆

SOURCE
agri-pulse.comSteve DaviesAug 30, 2019

Price reaction & history

Corn◆neutralSO FAR1d -0.3%5d -2.4%20d +1.4%

After 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.

Nov 8, 2019Nation's corn crop is shrinking | 2019-11-08 | Agri-Pulse Communications, Inc.+0.0%
Jun 11, 2020June USDA report on par with trade expectations | 2020-06-11 | Agri-Pulse Communications, Inc.+1.0%
Dec 12, 2018Few surprises in last WASDE of 2018 | 2018-12-11 | Agri-Pulse | Agri-Pulse Communications, Inc.+1.1%
Jun 10, 2021Minor changes in June WASDE, traders turn attention to dry weather | Agri-Pulse Communications, Inc.-1.8%
Feb 14, 2024Ethanol plants saw strong profits in 2023 | Agri-Pulse Communications, Inc.+0.5%

Soybeans◆neutralSO FAR1d +0.1%5d -1.3%20d +3.1%

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.

Corn CORN · GP ▸

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Soybeans SOY · GP ▸

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