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An American Farm Bureau Federation analysis reviews the trade title of the 2018 farm bill, including food aid, export promotion and export credit guarantees. It notes U.S. agricultural exports reached a record near $177 billion in 2021 and are up over 16% in the first eight months of 2022.
The article is background on export support programs, though strong export growth in 2022 is supportive of demand for U.S. grains and oilseeds. It describes no new policy change.
fb.orgVeronica NighOct 12, 2022After 1,623 past policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.4% to +1.5%), and +0.4% over 20.
After 1,905 past policy events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), and +0.2% over 20.
After 1,019 past policy events, Wheat (SRW) moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.5%), 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.
