# Long-time opponent of farm subsidies flags Trump's latest programs

> The Environmental Working Group calculates that US trade-distorting farm subsidies reached $34 billion in 2019, well above the WTO cap of $19.1 billion, and expects the cap to be exceeded again in 2020. Several WTO members have already complained about the payments.

- Date: 2020-06-20 · published 2020-06-20T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/52599-long-time-opponent-of-farm-subsidies-flags-trump-s-latest-programs
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Possible WTO violations raise the risk of retaliatory tariffs on US farm exports, which would weigh on US feed grain and oilseed export demand and prices.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-04-29 | [Subsidies carried large U.S. farms through crippling trade war \| Business \| breezejmu.org](https://feedsoft.ai/events/47583-subsidies-carried-large-u-s-farms-through-crippling-trade-war-business.md) | +5.9% | -6.0% |
| CORN | 2018-04-06 | [US oil closes 2.3% lower after Trump's latest China trade threats](https://feedsoft.ai/events/10843-us-oil-closes-2-3-lower-after-trump-s-latest-china-trade-threats.md) | -0.0% | +2.2% |
| CORN | 2025-04-01 | [Trump's China tariffs trigger retaliation against U.S. farm products](https://feedsoft.ai/events/14679-trump-s-china-tariffs-trigger-retaliation-against-u-s-farm-products.md) | +1.0% | +2.2% |
| CORN | 2026-03-16 | [Soybeans limit down after Trump threatens to delay China summit - Pro Farmer](https://feedsoft.ai/events/4716-soybeans-limit-down-after-trump-threatens-to-delay-china-summit-pro-farmer.md) | +2.4% | -1.7% |
| CORN | 2019-12-05 | [Taking stock of Trump’s trade aid - POLITICO](https://feedsoft.ai/events/55566-taking-stock-of-trump-s-trade-aid-politico.md) | -4.3% | +1.2% |
| SOY | 2018-06-18 | [Trump's tariff war threatens to erode support of farmers](https://feedsoft.ai/events/10573-trump-s-tariff-war-threatens-to-erode-support-of-farmers.md) | -1.2% | -8.4% |
| SOY | 2021-04-29 | [Subsidies carried large U.S. farms through crippling trade war \| Business \| breezejmu.org](https://feedsoft.ai/events/47583-subsidies-carried-large-u-s-farms-through-crippling-trade-war-business.md) | +1.6% | -3.5% |
| SOY | 2018-04-06 | [US oil closes 2.3% lower after Trump's latest China trade threats](https://feedsoft.ai/events/10843-us-oil-closes-2-3-lower-after-trump-s-latest-china-trade-threats.md) | +2.9% | +1.2% |

## Sources

- farmprogress.com: https://www.farmprogress.com/farm-business-planning/long-time-opponent-of-farm-subsidies-flags-trump-s-latest-programs

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.