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A Congressional Research Service report reviews USDA export market development and export credit programs authorized by the 2014 farm bill. Market development funding is about $255 million a year, and export credit guarantees cover up to $5.5 billion of U.S. agricultural exports annually.
Export promotion and credit guarantees can help sustain foreign demand for U.S. grains and oilseeds. The report gives background rather than a new change, so its near-term price effect is minimal.
everycrsreport.comOct 17, 2017After 1,623 past policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.4% to +1.5%), and +0.4% over 20.
After 1,905 past policy events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), and +0.2% over 20.
After 1,019 past policy events, Wheat (SRW) moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.5%), and +0.2% 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.
