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A Congressional Research Service report reviews major US agricultural trade issues for 2020. It notes that US farm exports totaled $136 billion in FY2019 and that exports to China fell 53% in 2018 after retaliatory tariffs.
It also describes the USDA trade aid programs used to offset those losses.
The report provides background on how tariffs and retaliation have reduced US export demand for grains and oilseeds. It does not signal a new price-moving event.
everycrsreport.comFeb 27, 2020After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% over 20.
After 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 1,283 past report events, Soybean Meal moved a median -0.1% over 5 sessions (47% higher; middle half -2.0% to +1.7%), 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.
