USDA Launches Second Round of Trade Mitigation Payments

After 137 past neutral policy events, Wheat (SRW) moved a median -0.4% over 5 sessions (43% higher; middle half -1.9% to +1.2%), and +0.3% over 20.

• Dec 17, 201817 Questions and Answers on the USDA Trade Retaliation Mitigation Payments+0.8%
• Nov 10, 2020U.S. Wheat Associates Submits Comments on International Trade Barriers to USTR - U.S. Wheat Associates-2.8%
• Dec 8, 2025Trump Administration Announces $12 Billion Farmer Bridge Payments for American Farmers Impacted by Unfair Market Disruptions | USDA-1.5%
• Oct 1, 2018Trade Aid Round Two: A Per-Acre Perspective | Farm Bureau Intel Markets | American Farm Bureau Federation+2.9%
• Jan 1, 2023A Trade Hope: The impact of the Black Sea Grain Initiative | UNCCD-0.7%

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.

• Sep 4, 2018USDA Launches Trade Mitigation Programs | USDA+0.5%
• Dec 17, 201817 Questions and Answers on the USDA Trade Retaliation Mitigation Payments+0.4%
• Nov 15, 2019USDA Issues Second Tranche of Market Facilitation Program-0.7%
• Dec 17, 2018Agriculture Dept. launches 2nd round of payments to farmers | AP News+0.4%
• Jul 25, 2019USDA debuts specifics of second trade aid package - POLITICO-1.8%

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.

• Sep 4, 2018USDA Launches Trade Mitigation Programs | USDA+0.1%
• Dec 17, 201817 Questions and Answers on the USDA Trade Retaliation Mitigation Payments-1.7%
• Nov 15, 2019USDA Issues Second Tranche of Market Facilitation Program+0.1%
• Dec 17, 2018Agriculture Dept. launches 2nd round of payments to farmers | AP News-1.7%
• Jul 25, 2019USDA debuts specifics of second trade aid package - POLITICO-3.0%

Not enough comparable past events yet for a historical read.