◂ Event Timeline

Feb 22, 2019TRADEUS

U.S. Farmers Receive $7.7 Billion in Trade Aid to Date: USDA

Reuters reports that USDA has paid out $7.7 billion so far to farmers as aid offsetting losses from Chinese retaliatory tariffs. The administration has pledged up to $12 billion in total aid.

WHY IT MATTERS

Aid payments offset tariff losses without restoring export volumes, so they have limited direct price effect while trade talks remain unresolved.

AFFECTSSoybeans◆

SOURCE
businessinsider.comReutersFeb 22, 2019

Price reaction & history

Soybeans◆neutralSO FAR1d -0.1%5d -1.5%20d -0.1%

After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% over 20.

Dec 12, 2019Farmers receive $10.5 billion to offset trade war losses — APM Research Lab+3.9%
Feb 28, 2019U.S.D.A. leaders explain efforts to mitigate trade losses | 2019-02-28 | Baking Business-1.5%
May 23, 2018U.S.-China trade row sows confusion in farmer planting plans-0.7%
Dec 20, 2017Ohio grain farmers talk trade and farm bill - Farm and Dairy-0.1%
Aug 18, 2022Farmers’ voices continue to reiterate ag trade issues+5.8%

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.

Soybeans SOY · GP ▸

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