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Ohio State's Carl Zulauf summarizes the 2025 reconciliation farm bill, signed into law by President Trump on July 4, 2025. Its provisions include SNAP changes, indexing of the Thrifty Food Plan, and commodity support prices running through the 2031 crop years.
Higher guaranteed commodity support can keep acres in production and cap downside price pressure, which is mildly bearish for feed grains over time. The SNAP changes do not affect feed demand directly.
farmoffice.osu.eduBlog SubscriptionsJul 11, 2025After 310 past bearish policy events, Corn moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% over 20.
After 369 past bearish policy events, Soybeans moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% over 20.
After 122 past bearish policy events, Wheat (SRW) moved a median -0.3% over 5 sessions (44% higher; middle half -1.9% to +1.2%), and +0.4% 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.
