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USDA will pay the trade-damage aid in installments, with half in the fall and the rest in December or early 2019 if needed. The $6.2 billion in outlays starting in September includes $3.6 billion for soybean growers and equals half of USDA's estimate of trade impacts.
Payments equal to roughly half of estimated losses leave a residual gap for farmers, which may keep acreage and marketing decisions cautious and prolong pressure on soybean prices.
agriculture.comChuck AbbottAug 28, 2018After 369 past bearish policy events, Soybeans moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% over 20.
After 310 past bearish policy events, Corn moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% 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.
