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USDA plans to start the second tranche of trade aid in December, with Secretary Perdue saying it would come no later than that month. The additional funds are likely the full remaining amount of the $12 billion budgeted, with about $6.3 billion already devoted to payments, purchases and marketing help.
Confirmation that the remaining aid will be paid in full supports farm cash flow and near-term demand for inputs, which partly offsets tariff pressure on soybean and sorghum prices.
politico.comRyan McCrimmonOct 30, 2018After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.
Not enough comparable past events yet for a historical read.
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.
