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Nov 18, 2019POLICYUS

Durbin Statement On USDA Second Round Of Trade Aid Payments

Senator Dick Durbin issued a statement on USDA's second tranche of 2019 trade aid, saying Illinois soybean farmers were badly hurt by the US-China trade war. He noted that the top per-acre payments went to southern states with cotton crops, with Illinois averaging about $69 per acre.

WHY IT MATTERS

The statement reflects continued political pressure over aid distribution and does not change supply or demand. It has little direct effect on soybean prices.

AFFECTSCorn Soybeans Wheat (SRW)

SOURCE
durbin.senate.govNov 18, 2019

Price reaction & history

Cornno directional readSO FAR1d -0.1%5d +0.0%20d +2.0%

After 1,623 past policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.4% to +1.5%), and +0.4% over 20.

Dec 17, 2018USDA Launches Second Round of Trade Mitigation Payments+0.4%
Jul 25, 2019USDA debuts specifics of second trade aid package - POLITICO-1.8%
Nov 26, 2025Groups Press USDA to Tighten Standards for Expected Trade Aid Payments+1.3%
Jul 29, 2019USDA Under Secretary Bill Northey Discusses Trade Aid Package | Farm Policy News | Illinois-0.6%
Jan 16, 2020Secretary Perdue Statement on Senate Passage of USMCA+0.7%

Soybeansno directional readSO FAR1d -0.9%5d -2.3%20d +0.4%

After 1,905 past policy events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), and +0.2% over 20.

Dec 17, 2018USDA Launches Second Round of Trade Mitigation Payments-1.7%
Jul 25, 2019USDA debuts specifics of second trade aid package - POLITICO-3.0%
Nov 26, 2025Groups Press USDA to Tighten Standards for Expected Trade Aid Payments-0.8%
Jul 29, 2019USDA Under Secretary Bill Northey Discusses Trade Aid Package | Farm Policy News | Illinois-3.7%
Dec 17, 201817 Questions and Answers on the USDA Trade Retaliation Mitigation Payments-1.7%

Wheat (SRW)no directional readSO FAR1d +3.5%5d +3.8%20d +3.1%

After 1,019 past policy events, Wheat (SRW) moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.5%), and +0.2% over 20.

Dec 17, 2018USDA Launches Second Round of Trade Mitigation Payments+0.8%
Nov 26, 2025Groups Press USDA to Tighten Standards for Expected Trade Aid Payments+2.1%
Dec 17, 201817 Questions and Answers on the USDA Trade Retaliation Mitigation Payments+0.8%
Jan 5, 2021Pandemic Tops Trade War in USDA Payments to Farmers+0.3%
Sep 16, 2019U.S. farmers receive $4.07 billion of latest government trade aid+2.1%

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.

Corn CORN · GP ▸

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Soybeans SOY · GP ▸

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