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Congressional lawmakers from both parties are considering farm legislation that would cap USDA discretionary spending, including Commodity Credit Corporation payments used to compensate farmers. The move follows roughly $23 billion in payments made during Trump's first-term trade war with China.
Limits on CCC-funded aid would reduce the safety net for farmers hit by future tariffs, which could raise pressure on export-oriented feed grain and oilseed prices if trade retaliation occurs.
news.bgov.comSkye WitleyNov 19, 2024After 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.
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.
