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USDA is expected to tap the Commodity Credit Corporation to add significant funding for trade promotion and international food aid over the next five years, responding to a letter from Senate Agriculture leaders Debbie Stabenow and John Boozman. The move comes as lawmakers struggle to fund farm bill reference price increases.
Expanded export promotion and food aid funding could support U.S. grain and commodity export demand over time, though the price impact is modest and largely indirect.
dtnpf.comChris ClaytonSep 25, 2023After 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 137 past neutral policy events, Wheat (SRW) moved a median -0.4% over 5 sessions (43% higher; middle half -1.9% to +1.2%), and +0.3% 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.
