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| Grains Review |
Grain's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.
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Farm Bailout, History Repeats
The #Corn, #Soybeans, and #Wheat Reports, a series of video updates for subscribers, expand the discussion below.
President Donald Trump is considering a $10 to $14 billion aid package for U.S. farmers impacted by trade tensions with China, particularly those in the soybean industry. According to The Wall Street Journal, the aid would be funded largely through tariff revenue and could begin distribution in the coming months. Discussions are ongoing, and no final decisions have been made.
White House officials emphasized the importance of supporting farmers, who were significantly affected by the earlier trade war with China, which led to a major drop in soybean exports. During Trump's first term, the government provided about $23 billion to offset losses, with soybean producers accounting for over 70% of those damages.
Treasury Secretary Scott Bessent said an announcement on the new aid could come as early as Tuesday. He noted the severe impact of China's continued freeze on U.S. soybean purchases and warned of possible storage issues due to a record harvest. He also hinted at a potential breakthrough in trade talks following a planned meeting between Trump and Chinese President Xi Jinping in South Korea at the end of October. Trump confirmed soybeans would be a key topic in that discussion.
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