◂ Event Timeline

Aug 12, 2022TRADEGlobal

MTA Insights: Trade & the Farm Bill

Torrey Advisory Group outlines the Biden administration's 2022 Trade Policy Agenda and the Indo-Pacific Economic Framework launched in May 2022 with 12 partners. It argues that US agricultural exporters need re-engagement in the Indo-Pacific region, which accounts for about 40% of world GDP.

WHY IT MATTERS

Potential future trade access in Asia could support US soybean, corn and meat export demand, but the framework is at an early stage and offers no immediate price signal.

AFFECTSCORN SOY WHEAT

SOURCE
torreydc.comCassandra KuballAug 12, 2022

Price reaction & history

CORNno directional readSO FAR1d +1.0%5d -0.7%20d -1.6%

After 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.

Dec 20, 2017Ohio grain farmers talk trade and farm bill - Farm and Dairy+0.9%
Jul 18, 2024Trade Policy Also Important in Next Farm Bill+2.4%
Jan 3, 2018Ag groups see trade, farm bill among top challenges in 2018 | 2018-01-02 | Agri-Pulse | Agri-Pulse Communications, Inc.-0.9%
Apr 4, 2022Title III Of The Farm Bill: Agricultural Trade And Food Assistance Programs+5.4%
Nov 7, 2017Don’t Bet the Farm or the (GOP) House on a Trade War with Mexico-1.0%

SOYno directional readSO FAR1d -2.4%5d -12.5%20d -12.9%

After 1,802 past trade events, SOY moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.7%), and +0.7% over 20.

Dec 20, 2017Ohio grain farmers talk trade and farm bill - Farm and Dairy-0.1%
Jul 18, 2024Trade Policy Also Important in Next Farm Bill+1.3%
May 14, 2018Farmers say trade more important than new farm bill+0.4%
Apr 25, 2026Trump heads to China in May — US farm groups are in the dark+2.1%
Jan 3, 2018Ag groups see trade, farm bill among top challenges in 2018 | 2018-01-02 | Agri-Pulse | Agri-Pulse Communications, Inc.+0.1%

WHEATno directional readSO FAR1d -0.1%5d -2.3%20d -11.7%

After 1,079 past trade events, WHEAT moved a median -0.0% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.2% over 20.

Aug 7, 2024Grain Seaborne Trade Impact on the Dry Bulk Freight Market — Breakwave Advisors+0.1%
Jan 3, 2018Ag groups see trade, farm bill among top challenges in 2018 | 2018-01-02 | Agri-Pulse | Agri-Pulse Communications, Inc.-0.2%
Apr 4, 2022Title III Of The Farm Bill: Agricultural Trade And Food Assistance Programs-7.3%
May 23, 2019Farm groups cheer aid, but want end to trade war | 2019-05-23 | Agri-Pulse | Agri-Pulse Communications, Inc.-13.0%
Aug 11, 2021US Farm groups up the pressure for healthier trade with China | 2021-08-10 | Agri-Pulse Communications, Inc.+2.4%

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.

CORN · GP ▸

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SOY · GP ▸

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