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Southern Ag Today argues that the next farm bill should strengthen commodity programs and trade promotion, noting the steady decline in the US share of major commodity exports. It says the House bill and Senate framework would double MAP and FMD export promotion funding.
Declining US export share is a structural demand concern for grains and oilseeds, but the proposed promotion funding has no immediate price impact.
southernagtoday.orgJoe OutlawJul 18, 2024After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% over 20.
After 480 past neutral trade 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.
