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USDA has paid farmers $14.03 billion of a promised $28 billion in compensation for losses from trade disputes with China, as of early October. The latest trade aid round has paid $5.43 billion, up from $4.07 billion in mid-September, while $8.6 billion has been paid under the first Market Facilitation Program round.
Continued government payments cushion farm income and may keep acreage and feed grain supply steady despite weak export demand, a bearish influence on corn and soybean prices over time.
reuters.comP.J. HuffstutterOct 2, 2019After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% 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.
