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USDA outlined in August how it would spend the first $6.1 billion of a $12 billion trade-war aid package for farmers, including cash payments for grains, oilseeds, cotton, dairy and hogs. Payouts ranged from $1 to $38,298, with an average of $147, and USDA did not say how many corn farmers had applied.
Small average payments indicate limited financial relief for corn and other row-crop growers, which can keep farmers holding or selling grain at different rates than planned. Aid does not change export demand, so the price effect is minor.
reuters.comP.J. HuffstutterNov 28, 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.
