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President Trump asked USDA for options to help farmers hurt by trade tensions with China. Secretary Perdue faced questions from farm-state senators on trade and possible responses at a Senate hearing.
The story also notes the already sluggish US farm economy.
Trade uncertainty with China weighs on US soybean export expectations, which is bearish for soybeans and related meal. Any federal aid would support farm income but would not restore lost sales.
farmpolicynews.illinois.eduKeith GoodApr 12, 2018After 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.
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.
