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House Agriculture Committee Chairman GT Thompson said the continuing resolution released December 17 includes $10 billion in emergency economic aid for agriculture. He called for a five-year farm bill in the 119th Congress and praised incoming Chairman Boozman.
The statement presents the aid as a bridge through the agricultural downturn.
The $10 billion in aid supports producer finances through the downturn and may limit forced selling of grain and oilseeds. The statement itself carries little new information on prices beyond the aid package already reported.
agriculture.house.govDec 17, 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.
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.
