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Agriculture Secretary Sonny Perdue said the administration has no active plans for new farm aid but could consider it if trade talks and weak commodity prices persist. He said farmers should not expect a 2019 Market Facilitation Program.
Absence of planned aid leaves farm income exposed to weak prices and trade uncertainty, which could push producers to market grain or reduce feed purchases.
reuters.comApr 30, 2019After 369 past bearish policy events, Soybeans moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% over 20.
After 310 past bearish policy events, Corn moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% 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.
