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USDA has paid farmers $6.7 billion for 2019 production, on top of $8.6 billion for 2018 production, with up to $14.5 billion promised for 2019 in three batches. More than 564,000 producers have applied for 2019 aid.
Ongoing aid payments support farm incomes during trade disruption but do not directly alter export demand. Price impact is minor.
politico.comRyan McCrimmonNov 8, 2019After 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.
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.
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.
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.
