◂ Event Timeline

Feb 13, 2019POLICYUS

Farmer trade aid sign-up ends Feb. 14

Producers had until February 14, 2019 to sign up for USDA's Market Facilitation Program, with more than 864,000 applicants and about $8 billion in estimated payments. USDA has paid $6.4 billion so far and set aside $9.6 billion total for 2018 production.

WHY IT MATTERS

Sign-up closing is an administrative milestone; the payments support farm income but do not directly change supply or demand for feed commodities.

AFFECTSCorn◆Soybeans◆

SOURCE
feedstuffs.comJacqui FatkaFeb 13, 2019

Price reaction & history

Corn◆neutralSO FAR1d +0.1%5d -1.4%20d -3.4%

After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% over 20.

Jan 10, 2019Farm Policy: USDA's Trade Aid Package-1.4%
May 21, 2019U.S. to favour soybeans in trade war aid for farmers - Bloomberg+2.4%
Dec 1, 2020Farmers Have Received $7.7B in Trade Aid to Date | Feed & Grain-0.4%
Jan 1, 2026Trump unveils $12 billion aid package for farmers hit by trade war+0.6%
Jul 24, 2018US to give farmers $12bn trade war bailout+1.7%

Soybeans◆neutralSO FAR1d -0.1%5d -1.6%20d -3.1%

After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.

Jan 10, 2019Farm Policy: USDA's Trade Aid Package-1.9%
May 21, 2019U.S. to favour soybeans in trade war aid for farmers - Bloomberg+2.9%
Dec 1, 2020Farmers Have Received $7.7B in Trade Aid to Date | Feed & Grain-0.9%
Jan 1, 2026Trump unveils $12 billion aid package for farmers hit by trade war+1.6%
Sep 12, 2018Farm Policy: USDA’s 2018 Trade Aid Package - EveryCRSReport.com-0.8%

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.

Corn CORN · GP ▸

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Soybeans SOY · GP ▸

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