# Senate Agriculture Committee Trade Hearing- USMCA, China, and MFP Payments

> The Senate Agriculture Committee held a hearing titled 'Certainty in Global Markets for the U.S. Agriculture Sector' covering USMCA, ongoing China trade negotiations, and the administration's second round of trade mitigation payments. Chairman Pat Roberts voiced concern about tariffs as a policy tool.

- Date: 2019-06-16 · published 2019-06-16T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/58573-senate-agriculture-committee-trade-hearing-usmca-china-and-mfp-payments
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Clarity on USMCA ratification and China talks, plus additional farm aid, shapes export expectations and farmer liquidity for feed grains and oilseeds, though a hearing alone is unlikely to move prices.

## Read by commodity

- SOY: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-03-23 | [Blog \| House Agriculture Committee](https://feedsoft.ai/events/71990-blog-house-agriculture-committee.md) | -3.1% | -5.3% |
| SOY | 2024-12-17 | [Thompson Secures Aid for America's Producers \| House Agriculture Committee](https://feedsoft.ai/events/26953-thompson-secures-aid-for-america-s-producers-house-agriculture-committee.md) | -1.3% | +6.2% |
| SOY | 2017-04-04 | [Opening Statement: Subcommittee Chairman Rick Crawford: General Farm Commodities and Risk Management Subcommittee Hearing: The Next Farm Bill: Commodity Policy Part II \| House Agriculture Committee](https://feedsoft.ai/events/71480-opening-statement-subcommittee-chairman-rick-crawford-general-farm-commodities.md) | +0.4% | +2.1% |
| SOY | 2023-04-26 | [Opening Statement: “Producer Perspectives on the 2023 Farm Bill” \| House Agriculture Committee](https://feedsoft.ai/events/36398-opening-statement-producer-perspectives-on-the-2023-farm-bill-house-agriculture.md) | -0.4% | -8.5% |
| SOY | 2021-01-22 | [Column: Biden should revisit China trade deal to weed out problem spots for U.S. agriculture](https://feedsoft.ai/events/49010-column-biden-should-revisit-china-trade-deal-to-weed-out-problem-spots-for-u-s.md) | -1.2% | +0.5% |
| CORN | 2017-03-23 | [Blog \| House Agriculture Committee](https://feedsoft.ai/events/71990-blog-house-agriculture-committee.md) | +0.2% | -0.3% |
| CORN | 2024-12-17 | [Thompson Secures Aid for America's Producers \| House Agriculture Committee](https://feedsoft.ai/events/26953-thompson-secures-aid-for-america-s-producers-house-agriculture-committee.md) | +0.1% | +5.5% |
| CORN | 2017-04-04 | [Opening Statement: Subcommittee Chairman Rick Crawford: General Farm Commodities and Risk Management Subcommittee Hearing: The Next Farm Bill: Commodity Policy Part II \| House Agriculture Committee](https://feedsoft.ai/events/71480-opening-statement-subcommittee-chairman-rick-crawford-general-farm-commodities.md) | -0.2% | +0.2% |

## Sources

- farmpolicynews.illinois.edu: https://farmpolicynews.illinois.edu/2019/06/senate-agriculture-committee-trade-hearing-usmca-china-and-mfp-payments/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.