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A CRS primer explains that the 2014 Farm Bill authorizes USDA export promotion programs, including MAP, FMDP, EMP, QSP and TASC, which provide matching funds for market development. It notes U.S. agricultural trade surplus declined to $17 billion in 2016 from its 2014 peak of $43 billion.
Export promotion funding supports foreign demand for U.S. feed grains and meals; a shrinking trade surplus signals softer export demand that can weigh on prices, though the primer itself does not announce any change.
everycrsreport.comApr 25, 2017After 439 past neutral policy events, CORN moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% over 20.
After 554 past neutral policy events, SOY moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.
After 137 past neutral policy events, WHEAT moved a median -0.4% over 5 sessions (43% higher; middle half -1.9% to +1.2%), and +0.3% 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.
