◂ Event Timeline

Jul 16, 2026POLICYUS

House Budget Committee OKs reconciliation 3.0, rejecting Democratic proposals

The House Budget Committee approved a $95 billion budget resolution, reconciliation 3.0, on a party-line 20-14 vote. It would allow the House Agriculture Committee to increase the deficit by up to $12 billion for farm aid, and Democratic amendments to repeal Section 122 tariffs were rejected.

WHY IT MATTERS

Additional farm aid supports producer finances and feed demand but is not a direct supply shock. The tariff debate signals continued trade uncertainty for export crops.

AFFECTSCorn Soybeans Wheat (SRW)

SOURCE
agri-pulse.comOlivia M. Bridges, Kim ChipmanJul 16, 2026

Price reaction & history

Cornno directional readSO FAR1d -0.8%5d +3.1%20d +0.6%

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.

Apr 11, 2024House Ag Democrats weigh GOP farm bill offer | Agri-Pulse Communications, Inc.-0.4%
Apr 29, 2024House Ag Democrats counter on farm bill with CCC funding plan | Agri-Pulse Communications, Inc.+0.9%
Sep 27, 2023In farm bill debate, Democrats stress broad range of farms | Agri-Pulse Communications, Inc.+1.8%
Jun 18, 2025How the House, Senate Ag differ on key farm provisions | Agri-Pulse Communications, Inc.-3.0%
Mar 9, 2023House Ag makes case for new farm bill funding | Agri-Pulse Communications, Inc.-1.0%

Soybeansno directional readSO FAR1d -0.6%5d +2.6%20d -3.1%

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.

Apr 11, 2024House Ag Democrats weigh GOP farm bill offer | Agri-Pulse Communications, Inc.-1.3%
Apr 29, 2024House Ag Democrats counter on farm bill with CCC funding plan | Agri-Pulse Communications, Inc.+3.6%
Sep 27, 2023In farm bill debate, Democrats stress broad range of farms | Agri-Pulse Communications, Inc.-2.3%
Jun 18, 2025How the House, Senate Ag differ on key farm provisions | Agri-Pulse Communications, Inc.-4.5%
Mar 9, 2023House Ag makes case for new farm bill funding | Agri-Pulse Communications, Inc.-2.5%

Wheat (SRW)no directional readSO FAR1d -0.1%5d +3.9%20d +0.1%

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.

Apr 11, 2024House Ag Democrats weigh GOP farm bill offer | Agri-Pulse Communications, Inc.-0.9%
Sep 27, 2023In farm bill debate, Democrats stress broad range of farms | Agri-Pulse Communications, Inc.-5.3%
Mar 9, 2023House Ag makes case for new farm bill funding | Agri-Pulse Communications, Inc.-0.2%
May 15, 2025Reviewing the House Agriculture Committee’s Reconciliation Bill - farmdoc daily-3.9%
Apr 18, 2018House farm bill tees up fights over funding, policy | 2018-04-18 | Agri-Pulse | Agri-Pulse Communications, Inc.+0.1%

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.

Corn CORN · GP ▸

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Soybeans SOY · GP ▸

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