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USDA Farm Service Agency Administrator Richard Fordyce said at a Fargo event that the first part of the second $14.5 billion round of trade aid, MFP 2.0, would be paid before the end of August. He called the payments a stopgap while the administration works to resolve trade disputes with China and others.
Trade aid payments can keep farmers supplied and marketing grain despite weak export sales, but they are a temporary cushion rather than a fix for lost demand from China.
agweek.comMikkel Pates, Agweek Staff WriterAug 5, 2019After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.
After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% 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.
