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USDA announced on July 24, 2018 it would use up to $12 billion in Commodity Credit Corporation authority to compensate producers for losses from retaliatory tariffs. A CRS Q&A explains the CCC's structure, funding, and the discretionary authority USDA is relying on.
The aid package cushions farm income from tariff losses, which may keep US acreage and export selling more resilient, but it does not restore lost export demand, so underlying price pressure on exposed crops remains.
everycrsreport.comJul 27, 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 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% 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.
