
The House passed H.R. 7567, a nearly 900-page 'skinny' farm bill that would reauthorize federal farm aid, nutrition, conservation, trade and energy programs through 2031.
Authorities begin expiring October 1 because most farm bill programs run on fiscal or crop-year schedules.
Reauthorization removes near-term uncertainty over farm program funding and trade promotion, but it provides little direct farm aid, so price impact on feed grains and meals is limited.
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.