◂ Event Timeline

Apr 20, 2026POLICYUS

Farm Bill Progress and FY2027 Markups

Constitution Partners reports that the House Appropriations FSGG subcommittee approved a FY2027 bill with $25.3 billion in discretionary funding. It also notes that House Agriculture Chairman Glenn Thompson is pushing to advance the farm bill.

WHY IT MATTERS

Appropriations and farm bill scheduling affects policy timing but does not directly change supply, demand or prices for feed commodities.

AFFECTSCorn Soybeans Wheat (SRW)

SOURCE
constitutionpartners.comBetsy HopkinsApr 20, 2026

Price reaction & history

Cornno directional readSO FAR1d +0.7%5d +1.2%20d +2.9%

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.

Mar 21, 2023Farm Bill Discussion Needs to Focus on Food Security as Foreign Competition Takes US Markets - Constitution Partners+1.5%
Apr 21, 2026Farm Bill Primer: Trade and Export Promotion Programs - Congressional Research Service (CRS) Report+1.3%
Jan 19, 2023Inside the 2023 Farm Bill: A conversation with the bill’s authors | Capital Press-1.6%
Apr 25, 2017Farm Bill Primer: Trade and Export Promotion Programs - EveryCRSReport.com+2.1%
Jan 1, 2019Congress just passed an $867 billion farm bill. Here’s what’s in it.+1.4%

Soybeansno directional readSO FAR1d -0.1%5d -0.3%20d +0.8%

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.

Mar 21, 2023Farm Bill Discussion Needs to Focus on Food Security as Foreign Competition Takes US Markets - Constitution Partners-2.9%
Apr 21, 2026Farm Bill Primer: Trade and Export Promotion Programs - Congressional Research Service (CRS) Report+1.0%
Jan 19, 2023Inside the 2023 Farm Bill: A conversation with the bill’s authors | Capital Press-1.4%
Apr 25, 2017Farm Bill Primer: Trade and Export Promotion Programs - EveryCRSReport.com-0.2%
Jan 1, 2019Congress just passed an $867 billion farm bill. Here’s what’s in it.+2.7%

Wheat (SRW)no directional readSO FAR1d -1.1%5d -0.3%20d +0.0%

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.

Mar 21, 2023Farm Bill Discussion Needs to Focus on Food Security as Foreign Competition Takes US Markets - Constitution Partners+10.4%
Apr 21, 2026Farm Bill Primer: Trade and Export Promotion Programs - Congressional Research Service (CRS) Report+1.0%
Jan 19, 2023Inside the 2023 Farm Bill: A conversation with the bill’s authors | Capital Press-3.3%
Apr 25, 2017Farm Bill Primer: Trade and Export Promotion Programs - EveryCRSReport.com+3.6%
Jan 1, 2019Congress just passed an $867 billion farm bill. Here’s what’s in it.+1.3%

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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