Loading…
A Congressional Research Service report on agricultural trade issues for the 116th Congress says U.S. farm exports totaled $143 billion in FY2018 and that Canada, China, Mexico, the EU and Turkey imposed retaliatory tariffs on more than 800 U.S. farm and food products. It notes USDA authorized $12 billion in short-term aid to affected farmers.
The report is background on trade-policy risk to export demand. It flags no new tariff or purchase, so it does not by itself move grain or oilseed prices.
everycrsreport.comMay 20, 2019After 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% over 20.
After 2,447 past report events, Wheat (SRW) moved a median +0.0% over 5 sessions (51% higher; middle half -1.5% to +1.8%), 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.
