
USDA Secretary Sonny Perdue said on Monday the department does not plan to extend the up to $12 billion farm aid package into 2019. The aid is meant to offset farmer losses from retaliatory tariffs, and the first $6 billion tranche was outlined in August.
Without an extension, farm income support fades after the current window, which could weigh on farmer demand for feed and on sentiment for row crops and livestock margins tied to tariff-hit exports.
After 369 past bearish policy events, SOY moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% over 20.
After 206 past neutral policy events, SBM moved a median -0.4% over 5 sessions (44% higher; middle half -2.3% to +1.8%), and -0.7% 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.