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Senate Agriculture Chairman Pat Roberts linked U.S. trade problems to the farm bill, calling the trade situation 'not a good situation' during a Senate Finance hearing with USTR Robert Lighthizer. He suggested that trade-retaliation aid would be another budget fight.
Possible trade-retaliation payments and budget strain add policy uncertainty, but the comments themselves do not change supply or demand for feed commodities.
agnetwest.comDanMar 26, 2018After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), 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.
