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Senator Maria Cantwell announced the USDA's $1.3 billion investment in the Regional Agricultural Promotion Program to help growers, including Washington specialty crop producers, enter new export markets. She cited a strong apple harvest and renewed Indian market access.
The program aims to expand export market share, which could support U.S. specialty crop demand over time. Its effect on major grain and feed prices is limited.
cantwell.senate.govOct 26, 2023After 1,982 past trade events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +1.6%), and +0.4% over 20.
After 1,802 past trade events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.7%), and +0.7% over 20.
After 1,079 past trade events, Wheat (SRW) moved a median -0.0% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.2% 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.
