# USDA Bolsters Investments in International Trade and Food Aid | USDA

> The USDA announced $2.3 billion in Commodity Credit Corporation funds. About $1.3 billion will go to a Regional Agricultural Promotion Program and specialty crop export support, and $1 billion will buy U.S. commodities for international food aid. The announcement was made at the World Food Prize Borlaug Dialogue in Des Moines.

- Date: 2023-10-24 · published 2023-10-24T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/33598-usda-bolsters-investments-in-international-trade-and-food-aid-usda
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Government purchases of surplus commodities for food aid and export promotion can support U.S. export demand at the margin. The overall price effect is likely modest given the size relative to total exports.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-10-01 | [International grain trade - Ontario Grain Farmer](https://feedsoft.ai/events/50615-international-grain-trade-ontario-grain-farmer.md) | -0.3% | +6.4% |
| CORN | 2023-11-08 | [Creation Of USMCA Panel On Genetically Modified Corn - International Trade & Investment - Mexico](https://feedsoft.ai/events/33146-creation-of-usmca-panel-on-genetically-modified-corn-international-trade-and.md) | +0.4% | -0.5% |
| CORN | 2023-10-25 | [USDA announces $2.3B for trade and food aid \| Agriculture Dive](https://feedsoft.ai/events/33601-usda-announces-2-3b-for-trade-and-food-aid-agriculture-dive.md) | -3.5% | -4.0% |
| CORN | 2019-10-02 | [U.S. farmers receive $14.03 billion so far in government trade aid](https://feedsoft.ai/events/56547-u-s-farmers-receive-14-03-billion-so-far-in-government-trade-aid.md) | +2.2% | -1.0% |
| CORN | 2019-12-11 | [US ethanol industry welcomes US-Mexico-Canada trade agreement - Biofuels International Magazine](https://feedsoft.ai/events/55575-us-ethanol-industry-welcomes-us-mexico-canada-trade-agreement-biofuels.md) | +5.1% | +4.1% |
| SOY | 2020-10-01 | [International grain trade - Ontario Grain Farmer](https://feedsoft.ai/events/50615-international-grain-trade-ontario-grain-farmer.md) | +2.7% | +3.3% |
| SOY | 2023-10-25 | [USDA announces $2.3B for trade and food aid \| Agriculture Dive](https://feedsoft.ai/events/33601-usda-announces-2-3b-for-trade-and-food-aid-agriculture-dive.md) | -0.6% | +6.3% |
| SOY | 2019-10-02 | [U.S. farmers receive $14.03 billion so far in government trade aid](https://feedsoft.ai/events/56547-u-s-farmers-receive-14-03-billion-so-far-in-government-trade-aid.md) | +0.1% | -0.1% |

## Sources

- usda.gov: https://www.usda.gov/about-usda/news/press-releases/2023/10/24/usda-bolsters-investments-international-trade-and-food-aid

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.