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The Los Angeles Times reports that President Trump has bypassed Congress to send some $20 billion in farm aid. Individual payments have ranged from $2 for small farms to more than $1 million for some corporate operations.
Large aid flows offset trade-war losses and can sustain farm spending on inputs, but they do not change market fundamentals. The price effect is limited.
latimes.comDon LeeNov 27, 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.
