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Representative Ralph Abraham has proposed a bill to change the basis for the $12 billion farm aid payments from harvested acres to planted acres. The change would let some Louisiana soybean growers qualify for payments designed to offset tariff losses against China.
The proposed change would expand aid eligibility for some soybean acreage but does not alter export demand or the China tariff situation. Its effect on soybean prices is minimal.
lafarmbureaunews.comAvery DavidsonNov 29, 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.
