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USDA announced on Tuesday, July 24, 2018 three programs worth up to $12 billion to aid farmers hit by retaliatory tariffs. Senator Heidi Heitkamp also said she is sponsoring a bill to make Trade Adjustment Assistance available to affected farmers.
The aid is intended to cushion tariff damage on US farm exports, but it does not fully replace lost sales, so pressure on US grain and oilseed prices persists.
agweek.comJenny Schlecht, Agweek Staff WriterJul 24, 2018After 369 past bearish policy events, SOY 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.
