
USDA has paid out $7.7 billion so far under a $12 billion relief package for farmers hit by retaliatory Chinese tariffs. The payments come as Trump prepares to meet Chinese Vice Premier Liu He ahead of a March 1 tariff deadline.
Trade-aid payments cushion farm income but do not change export flows; the March 1 deadline and possible increase to 25 percent tariffs are the main price risk for soybeans and meal.
After 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.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.