Oklahoma State University's Dr. Hagerman explained the ARC and PLC safety net programs as USDA's Farm Service Agency runs a delayed 2026 enrollment and opens 2027 elections. He said new reference prices and updated base acres should guide producers' choice between the two programs.
Program enrollment affects how much US growers rely on price support, which can influence planted acreage and crop supply over time. The effect on near-term grain prices is minimal.
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.
After 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 137 past neutral policy events, Wheat (SRW) moved a median -0.4% over 5 sessions (43% higher; middle half -1.9% to +1.2%), and +0.3% 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.