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The USDA has paid $4.07 billion of its latest trade-war aid round as of September 16, according to a spokesperson. The program has received 302,397 applications and faced early complaints about sign-up difficulties and payment rates.
Aid payments support farm cash flow and may slow the forced selling of grain. The effect on prices is modest because the payments do not alter trade flows.
reuters.comSep 16, 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.
