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NPR reports US farmers received more than $22 billion in government payments in 2019, the highest level of farm subsidies in 14 years, most of it through a program Congress did not approve. The article describes farmers hurt by flooding and Chinese retaliatory tariffs on soybeans.
Record subsidies sustain US farm output despite weak soybean export demand, which keeps domestic soy and feed supplies heavy and prices subdued.
npr.orgBy
Dan CharlesDec 31, 2019After 369 past bearish policy events, Soybeans moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% 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.
