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USDA has paid farmers $8.39 billion of the estimated $9.56 billion promised for China trade-war losses, with soybean growers receiving the largest share. No similar aid is budgeted for 2019, and Purdue's James Mintert said the payments were decisive for many 2018 farms.
With no 2019 aid budgeted, farmers face weaker margins while China tariffs persist, which can reduce soybean marketing and feed use and keep soy-based feed prices under pressure.
upi.comJessie HigginsApr 25, 2019After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% 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.
