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Purdue economist Russell Hillberry outlines expected U.S. trade policy under the Biden administration, which he says will be less combative than under Trump but not a return to pre-2016 norms. The outlook also addresses persistent supply chain problems that have delayed deliveries of goods, including to agricultural producers.
Trade policy continuity and ongoing supply chain bottlenecks affect export competitiveness and input availability for agricultural producers, with modest implications for feed commodity pricing.
ag.purdue.eduSarah E Zahn, Morgan FrenchJan 13, 2022After 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 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.
