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The USDA has distributed $28 billion in trade aid to farmers over two years, including $16 billion announced in July. Reuters interviews with more than three dozen growers found that second-round payouts varied widely and caused confusion and frustration.
Government aid cushions farm income but does not change export demand, so it has little direct effect on commodity prices. Continued uncertainty about payments could affect planting and marketing decisions.
reuters.comP.J. HuffstutterSep 13, 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.
