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The Congressional Research Service revised its comparison of the 2024 Farm Bill, H.R. 8467, with current law on December 16, 2024.
The bill, introduced in May, was reported favorably by the House Agriculture Committee and scored by CBO in November. The previous farm bill was extended through September 30, 2024, and then for the 2024 crop year.
The farm bill's stalled status keeps commodity support and crop insurance rules uncertain for feed grain and oilseed producers, which can weigh on planting-decision expectations. Price impact is limited because this is a legislative reference document rather than a new policy action.
legistorm.comFrank GottronDec 16, 2024After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% over 20.
After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% 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.
