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IATP publishes a Q&A on the status of the US Farm Bill, which has not been renewed since its 2018 version expired in 2023. Parts of the bill were folded into the Republican budget bill, leaving the rest of the legislation to lapse.
Policy uncertainty around farm programs shifts support into yearly budget bills, which affects farmer planning and feed-grain production decisions, though it has little immediate price impact.
iatp.orgMichael HappOct 30, 2025After 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.
