New farm bill offers limited help in case of prolonged trade war

After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.

• Jan 3, 2018Ag groups see trade, farm bill among top challenges in 2018 | 2018-01-02 | Agri-Pulse | Agri-Pulse Communications, Inc.+0.1%
• May 23, 2019Farm groups cheer aid, but want end to trade war | 2019-05-23 | Agri-Pulse | Agri-Pulse Communications, Inc.+7.3%
• May 3, 2017U.S. farm groups seek trade stability amid turbulence over NAFTA | 2017-05-03 | Agri-Pulse | Agri-Pulse Communications, Inc.+0.8%
• Oct 2, 2019It’s not just China: US growers face long-term challenges | 2019-10-01 | Agri-Pulse Communications, Inc.+0.1%
• Jul 1, 2020Cheers for USMCA, but ag concerns persist | 2020-06-30 | Agri-Pulse Communications, Inc.+1.2%

After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.

• Jan 3, 2018Ag groups see trade, farm bill among top challenges in 2018 | 2018-01-02 | Agri-Pulse | Agri-Pulse Communications, Inc.-0.9%
• May 23, 2019Farm groups cheer aid, but want end to trade war | 2019-05-23 | Agri-Pulse | Agri-Pulse Communications, Inc.+3.7%
• May 3, 2017U.S. farm groups seek trade stability amid turbulence over NAFTA | 2017-05-03 | Agri-Pulse | Agri-Pulse Communications, Inc.+0.5%
• Oct 2, 2019It’s not just China: US growers face long-term challenges | 2019-10-01 | Agri-Pulse Communications, Inc.+2.2%
• Jul 1, 2020Cheers for USMCA, but ag concerns persist | 2020-06-30 | Agri-Pulse Communications, Inc.+1.9%