Loading…
USDA announced up to $16 billion in aid for farmers hurt by unjustified retaliatory tariffs and trade disruption, with Secretary Perdue citing China's trade practices. The program is designed to offset estimated tariff impacts on US agricultural goods.
Direct payments cushion farm income and could keep acreage in production, but the aid does not reopen export markets, so the trade dispute still pressures soybean and grain demand.
dtnpf.comChris ClaytonMay 23, 2019
meatpoultry.comErica ShafferMay 24, 2019
usda.govMay 23, 2019After 122 past bearish policy events, WHEAT moved a median -0.3% over 5 sessions (44% higher; middle half -1.9% to +1.2%), and +0.4% over 20.
After 369 past bearish policy events, SOY moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% over 20.
After 310 past bearish policy events, CORN moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% 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.
