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The Commodity Credit Corporation and Farm Service Agency issued a final rule implementing the Market Facilitation Program, effective August 30, 2018. The rule sets eligibility, payment calculation and application procedures, with commodity-specific rates and start dates to be announced in later notices of funds availability.
The formal rule locks in the mechanics of the payments that will support US producer income after the tariff losses, but payment rates per commodity are still pending, leaving market impact dependent on the later notices.
federalregister.govAuthority: 15 U.S.C. 714b, 714c .Aug 30, 2018After 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.
