Loading…
Congress passed a stopgap funding bill that moves the government funding deadline to March 14 and sends $110.4 billion to struggling farmers and natural disaster victims. President Biden signed the bill into law late on Saturday, December 21.
The package is the main vehicle for the emergency farm aid.
Emergency farm payments of this size support producer cash flow and can keep grain and oilseed acreage and marketing steady in the near term. The government shutdown risk removal also reduces broad market uncertainty.
washingtonpost.comJacob BogageDec 20, 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, SOY moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.
After 137 past neutral policy events, WHEAT moved a median -0.4% over 5 sessions (43% higher; middle half -1.9% to +1.2%), and +0.3% 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.
