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The R Street Institute urges meaningful cuts to US domestic agricultural subsidies, arguing they flow mainly to wealthy farmers, encourage overproduction, and hinder market access abroad. The paper also calls for removing recently enacted tariffs on steel, aluminum and Chinese goods.
The article is a policy advocacy piece.
Calls for subsidy cuts are advocacy rather than enacted policy, so they have little immediate price impact on feed markets. Tariff removal, if adopted, could ease trade flows.
rstreet.orgJul 28, 2020After 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.
