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A provision moving through Congress in disaster aid legislation would let farmers with average incomes above $900,000 qualify for the $12 billion Market Facilitation Program compensating trade-related losses. The language was reportedly designed mainly for Washington state sweet cherry growers hit by China's retaliatory tariffs, and a congressional aide said it strains the definition of emergency.
This is a narrow aid change for specialty crops with little direct effect on feed grain or meal supply and demand.
rollcall.comKellie MejdrichMar 8, 2019After 1,623 past policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.4% to +1.5%), and +0.4% over 20.
After 1,905 past policy events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), and +0.2% over 20.
After 1,019 past policy events, Wheat (SRW) moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.5%), 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.
