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USDA announced up to $12 billion in aid to offset an estimated $11 billion in losses from tariffs on US farm products. The administration reportedly reached an agreement with the European Union to avoid a further trade war by removing tariffs and barriers on energy and agricultural goods.
A House amendment to expand year-round use of the H-2A visa program for dairy workers was also noted.
Government aid cushions farm income but does not restore export demand lost to tariffs. The EU deal could ease trade flows for agricultural goods, a factor for feed and grain demand.
farmprogress.comSep 6, 2018After 112 past trade events, Milk (Class III) moved a median -0.1% over 5 sessions (44% higher; middle half -2.3% to +2.3%), 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.
