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USDA released details of the $16 billion farm aid package, including a second Market Facilitation Program round covering sorghum. Signup at local FSA offices runs from July 29 through December 6, 2019, with payments in up to three tranches.
Government payments support producer income and sorghum acreage decisions but do not directly change feed grain supply, so the price impact is limited.
ksgrainsorghum.orgMindy Wells, Maddy MeierJul 29, 2019Not enough comparable past events yet for a historical read.
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.
