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A Congressional Research Service primer outlines the trade and export promotion programs in the farm bill, including export market development and export credit guarantee programs. It notes U.S. food and agricultural exports of $171 billion and a $41 billion trade deficit, with bulk commodities like corn, soybeans and wheat among the leading exports.
Export promotion and credit guarantee programs support foreign demand for U.S. feed grains and oilseeds, which can help sustain U.S. prices. Changes to these programs would matter mainly over the longer term.
everycrsreport.comJul 5, 2022After 3,207 past report events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 2,389 past report events, SOY moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% over 20.
After 2,447 past report events, WHEAT moved a median +0.0% over 5 sessions (51% higher; middle half -1.5% to +1.8%), 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.
