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Farm Policy Facts describes how the Market Access Program and the Foreign Market Development Program, both authorized by the farm bill, help US producers promote exports. A Texas wheat, corn and soybean farmer says roughly half his harvest goes to an export market developed with that assistance.
The article is part of a series promoting the farm bill.
Export promotion helps sustain overseas demand for US wheat, corn and soybeans over time. The article describes an existing program and does not signal a near-term change in export volumes.
farmpolicyfacts.orgFarm Policy FactsAug 31, 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.
