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Agriculture Secretary Perdue ruled out trade aid for unplanted acres, while USDA explored legal flexibility for a small per-acre payment to prevent-plant acres that were planted to an MFP-eligible cover crop.
Excluding prevent-plant acres from aid means fewer acres planted to feed grains are compensated, which can keep planting reduced and support corn and soybean prices if the trend holds.
politico.comRyan McCrimmonJun 11, 2019After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% over 20.
After 356 past bullish policy events, Soybeans moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% 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.
