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The USDA's Market Facilitation Program, created to aid farmers hit by retaliatory tariffs, has had its sign-up deadline extended because of the federal government shutdown. The original January 15, 2019 deadline has been pushed back to allow more farmers to apply.
Trade aid payments support farm incomes and can keep acreage and marketings steady despite lost export demand, leaving soybean and corn supplies less pressured to clear at lower prices. The extension is a small, mainly administrative change to program timing.
agrisk.umd.eduSarah EverhartJan 22, 2019After 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.
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.
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.
