
Agri-Pulse Newsmakers reports that the Senate Agriculture Committee released reconciliation text with a boost to key farm bill programs and a less aggressive state SNAP cost share than the House. Agriculture Secretary Brooke Rollins also signed new SNAP waivers restricting soda purchases in Arkansas, Utah and Idaho.
Changes to SNAP cost sharing and farm program funding shape domestic food demand and farm income expectations, with limited immediate impact on feed grain or meal prices.
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.