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USDA Secretary Sonny Perdue is expected to announce the second and final round of trade aid for farmers hit by retaliatory tariffs on or around December 3. The aid amounts are not expected to change from initial levels, and the application period stays open until January 15.
Separately, the U.S. filed a WTO complaint that India's cotton subsidies exceed its commitments.
Final aid for the trade war is set to be paid and does not change export volumes, so it has little direct effect on feed prices. The India cotton dispute could affect cottonseed meal supply over time but has minimal near-term impact.
dtnpf.comDTN's Washington InsiderNov 13, 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, SOY 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 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.
