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USDA Chief Economist Robert Johansson outlined the 2020 farm outlook at the Agricultural Outlook Forum, citing the USMCA, the U.S.-Japan agreement, and the U.S.-China deal as improving market access. The three deals cover over half of U.S. agricultural exports.
Improved export access supports demand for U.S. meat, grain and oilseeds, which can underpin prices for feed commodities.
farmpolicynews.illinois.eduKeith GoodFeb 24, 2020After 318 past bullish policy events, CORN moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% over 20.
After 356 past bullish policy events, SOY moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% over 20.
After 17 past bullish policy events, LCATTLE moved a median -0.0% over 5 sessions (47% higher; middle half -1.2% to +0.9%), and +1.0% over 20.
After 37 past bullish policy events, HOGS moved a median +0.0% over 5 sessions (51% higher; middle half -2.8% to +0.9%), 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.
