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The American Farm Bureau analyzes the second round of trade aid, detailing first-round market facilitation payment rates of $1.65 per bushel for soybeans, 86 cents for sorghum, 14 cents for wheat and 1 cent for corn. Payments are calculated on 50 percent of 2018 production.
Per-bushel payment rates show that soybeans and sorghum receive the largest support relative to price, which helps explain farmer planting and marketing decisions amid weak export demand.
fb.orgJohn Newton, Ph.D.Oct 1, 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.
After 137 past neutral policy events, Wheat (SRW) moved a median -0.4% over 5 sessions (43% higher; middle half -1.9% to +1.2%), and +0.3% 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.
