# Perdue: Third MFP Not Planned, Although Will Happen If Necessary

> USDA Secretary Sonny Perdue told a House committee that farmers should not plan on a third round of Market Facilitation Program payments, though one would happen if necessary. He said China remains on track to meet its phase-one commitment to buy $40 billion to $50 billion of US farm goods this year.

- Date: 2020-03-04 · published 2020-03-04T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/54121-perdue-third-mfp-not-planned-although-will-happen-if-necessary
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

China's on-track purchases support US soybean and corn export demand, while the lack of a planned third aid round means farmers may need to rely on market prices.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-02-21 | [To meet goals, China will be 'ramping up' U.S. ag purchases, says Perdue](https://feedsoft.ai/events/54477-to-meet-goals-china-will-be-ramping-up-u-s-ag-purchases-says-perdue.md) | -0.7% | -5.5% |
| SOY | 2019-11-08 | [Secretary Perdue anxious to see USMCA ratified](https://feedsoft.ai/events/56025-secretary-perdue-anxious-to-see-usmca-ratified.md) | -2.7% | -3.8% |
| SOY | 2020-05-27 | [China buys more; will it be enough for Phase One?](https://feedsoft.ai/events/52985-china-buys-more-will-it-be-enough-for-phase-one.md) | +0.4% | +3.3% |
| SOY | 2018-03-03 | [China soybean buyers will cope if U.S. trade spat hits imports: New Hope](https://feedsoft.ai/events/65861-china-soybean-buyers-will-cope-if-u-s-trade-spat-hits-imports-new-hope.md) | -3.0% | -2.4% |
| SOY | 2023-04-05 | [Why China is the Wildcard for Corn Prices - AgWeb](https://feedsoft.ai/events/36433-why-china-is-the-wildcard-for-corn-prices-agweb.md) | -0.9% | -4.6% |
| CORN | 2020-02-21 | [To meet goals, China will be 'ramping up' U.S. ag purchases, says Perdue](https://feedsoft.ai/events/54477-to-meet-goals-china-will-be-ramping-up-u-s-ag-purchases-says-perdue.md) | -3.1% | -5.1% |
| CORN | 2019-11-08 | [Secretary Perdue anxious to see USMCA ratified](https://feedsoft.ai/events/56025-secretary-perdue-anxious-to-see-usmca-ratified.md) | +0.0% | -0.3% |
| CORN | 2020-05-27 | [China buys more; will it be enough for Phase One?](https://feedsoft.ai/events/52985-china-buys-more-will-it-be-enough-for-phase-one.md) | +1.4% | +2.2% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/world-policy/article/2020/03/04/perdue-third-mfp-planned-although

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