Loading…
USDA released final 2016 market-year average prices, setting the Price Loss Coverage payment rate at 34 cents per bushel for corn and $1.61 per bushel for wheat. ARC-County payments are expected to follow once county yields are released.
These are program payments on old-crop prices rather than new supply or demand, so the direct effect on futures is limited.
dtnpf.comChris ClaytonSep 29, 2017After 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.
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.
