Loading…
USDA's Farm Service Agency extended the deadline to May 17 from May 1 for producers to certify 2018 crop production for Market Facilitation Program payments. The extension was granted because heavy rain and snow delayed harvests in many areas.
Payments tied to certified production support farm cash flow for tariff-hit crops, mainly soybeans and corn, but the timing change does not alter the size of the aid or the underlying price pressure.
fsa.usda.govApr 29, 2019After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.
After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% 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.
