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A top American Farm Bureau Federation official said farmers are missing Market Facilitation Program payments because of the government shutdown that began December 22. The official also said the shutdown is slowing implementation of the new farm bill because USDA staff cannot work.
Delayed trade-aid payments reduce short-term farm cash flow, which can increase pressure to sell grain and soybeans. The effect on prices is limited but relevant while the shutdown continues.
thehill.comTess BonnJan 7, 2019After 554 past neutral policy events, SOY 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.
