
The Senate Agriculture Committee failed to advance farm bill legislation at an August 6 markup, with Democrats blocking it on a 10-11 party-line vote. Chair John Boozman recessed the meeting so a later vote can be called, likely in September.
Farm bill uncertainty keeps safety-net, SNAP and E15 provisions unresolved, but a near-term price impact is limited unless a bill passes.
After 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.