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The Trump administration unveiled a $12 billion plan to help US farmers hurt by the trade war, including subsidies and government purchases of unsold crops. The article notes soybean prices had fallen more than 15% since April after China announced retaliation.
The aid offsets part of tariff losses but signals that export demand for US soybeans has been impaired, keeping downside pressure on soybean prices.
bbc.comAdd as preferred on GoogleJul 24, 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.
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.
