# USDA announces $2.3B for trade and food aid | Agriculture Dive

> The USDA will release $2.3 billion for international food aid and export competitiveness, with about $1.3 billion for a new Regional Agricultural Promotion Program. Another $1 billion will allow purchases of surplus U.S. commodities for global hunger relief. The move follows a request from Senate agriculture leaders.

- Date: 2023-10-25 · published 2023-10-25T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/33601-usda-announces-2-3b-for-trade-and-food-aid-agriculture-dive
- 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

Surplus purchases for food aid and new export promotion funding can support U.S. grain and commodity demand. The effect on prices is likely modest.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-08-17 | [CRA Food & Agriculture Trade Update – August 17, 2021 - DocsLib](https://feedsoft.ai/events/45416-cra-food-and-agriculture-trade-update-august-17-2021-docslib.md) | -2.8% | -11.4% |
| CORN | 2018-07-11 | [Trade War Repercussions for U.S. Agriculture](https://feedsoft.ai/events/63896-trade-war-repercussions-for-u-s-agriculture.md) | +0.5% | +9.5% |
| CORN | 2017-08-04 | [Trump delay on China trade action good news for agriculture](https://feedsoft.ai/events/69324-trump-delay-on-china-trade-action-good-news-for-agriculture.md) | -1.9% | -5.5% |
| CORN | 2017-05-11 | [Secretary Perdue Announces Creation of Undersecretary for Trade \| USDA](https://feedsoft.ai/events/71001-secretary-perdue-announces-creation-of-undersecretary-for-trade-usda.md) | -0.2% | +2.4% |
| CORN | 2016-11-18 | [Trump's tough talk on China risks impacting agriculture and food trade](https://feedsoft.ai/events/73818-trump-s-tough-talk-on-china-risks-impacting-agriculture-and-food-trade.md) | +2.1% | +4.0% |
| SOY | 2021-08-17 | [CRA Food & Agriculture Trade Update – August 17, 2021 - DocsLib](https://feedsoft.ai/events/45416-cra-food-and-agriculture-trade-update-august-17-2021-docslib.md) | -6.0% | -7.2% |
| SOY | 2018-07-11 | [Trade War Repercussions for U.S. Agriculture](https://feedsoft.ai/events/63896-trade-war-repercussions-for-u-s-agriculture.md) | -1.5% | +4.3% |
| SOY | 2017-08-04 | [Trump delay on China trade action good news for agriculture](https://feedsoft.ai/events/69324-trump-delay-on-china-trade-action-good-news-for-agriculture.md) | -2.1% | -1.5% |

## Sources

- agriculturedive.com: https://www.agriculturedive.com/news/usda-trade-aid-food-assistance-farm-bill/697772/

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