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The USDA extended the January 15 deadline for farmers to apply for trade-dispute aid because of the partial government shutdown. About $9.5 billion in direct payments has been set aside for growers of soybeans, corn, wheat and other crops, and many farmers were delayed by harvest conditions.
Extended aid deadlines let farmers keep marketing and planting decisions based on payments rather than forced sales, which limits near-term selling pressure on feed grains. The change is a timing adjustment rather than a new source of demand.
seattletimes.comSCOTT McFETRIDGEJan 9, 2019After 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.
After 554 past neutral policy events, SOY moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.
After 137 past neutral policy events, WHEAT moved a median -0.4% over 5 sessions (43% higher; middle half -1.9% to +1.2%), and +0.3% 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.
