Tariff aid focus on U.S. soybean farmers disappoints corn farmers
USDA announced more details on financial aid to farmers hurt by trades disputes. Direct payments to growers will total $4.7 billion, with $3.7 billion for soybean farmers, who will receive $1.65 per bushel on 50 percent of their projected production. For comparison, payments for other row crops include 1 cent a bushel on corn and 14 cents a bushel on wheat. Though corn exports to date have been affected less by trade disputes, corn farmers argue that corn prices are depressed as a consequence of pressure on the soy complex, claiming that the aid announced will not make up for all their losses.
Corn September futures
Posted by: Information Services Our Information Services team assists our clients with understanding commodity and ingredient market dynamics. Using our extensive database of intelligence, we also produce regular commodity and commercial market publications covering supply and demand fundamentals, news alerts on events that shape the markets, and resource guides to give you a complete picture of the industries we monitor.