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USDA paid out the final tranche of payments to farmers hurt by Trump's trade fights in 2019. The payments could bring the 2019 total closer to $14.5 billion.
This is a payment to farmers that does not change feed supply, so it has little direct price effect; it mainly affects farm income.
politico.comRyan McCrimmonFeb 4, 2020After 1,982 past trade events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +1.6%), and +0.4% over 20.
After 1,802 past trade events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.7%), and +0.7% over 20.
After 1,079 past trade events, Wheat (SRW) moved a median -0.0% over 5 sessions (49% higher; middle half -1.6% 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.
