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USDA announced the second tranche of 2019 Market Facilitation Program payments, letting eligible producers receive an additional 25 percent of their expected total on top of the 50 percent already paid. Payments were set to begin the week before Thanksgiving.
Secretary Perdue said the aid compensates farmers for losses from foreign retaliatory tariffs and natural disasters.
Direct payments support farm cash flow and may keep acres and stored grain in producers' hands rather than forcing sales, which slightly cushions prices for affected crops. The effect on futures is modest because the aid does not change trade flows.
usda.govNov 15, 2019After 554 past neutral policy events, SOY moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.
After 439 past neutral policy events, CORN moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% 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.
