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USDA Secretary Tom Vilsack issued a statement on the Economic Research Service's 2016 farm income forecast. Net farm income declined in 2015 and is forecast to fall again in 2016, while Farm Bill program payments are forecast to rise over 19 percent to $12.9 billion.
The forecast confirms weak farm incomes and rising ARC and PLC payments, which may support producer finances but does not directly move feed prices.
usda.govNov 30, 2016After 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% over 20.
After 2,447 past report events, Wheat (SRW) moved a median +0.0% over 5 sessions (51% higher; middle half -1.5% to +1.8%), and +0.2% 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.
