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According to USDA, only $838 million of the first $6 billion in trade-war aid had been paid out since September, with another pool of up to $6 billion expected next month. Agriculture Secretary Sonny Perdue said the government is unlikely to offer money beyond the $12 billion total.
Limited aid payments do little to offset lost export demand from China for soybeans, corn and pork, so farm selling pressure from financial stress may persist. The aid cap signals that farmers will not be fully compensated for trade losses.
nytimes.comAlan RappeportNov 19, 2018After 1,623 past policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.4% to +1.5%), and +0.4% over 20.
After 1,905 past policy events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), and +0.2% over 20.
After 1,019 past policy events, Wheat (SRW) moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.5%), and +0.2% 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.
