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DTN named the lack of a new farm bill its top agricultural story of 2024 and noted Congress passed a one-year farm bill extension on December 20. The extension included $10 billion in economic aid for commodity crops and another $20.7 billion in disaster-related aid tied largely to Hurricane Helene.
Congress will need to restart work on a new five-year bill.
Economic aid supports commodity farm incomes and planting intentions, which affects corn and soybean supply expectations for 2025. The retrospective framing offers little new market-moving information.
dtnpf.comChris ClaytonDec 31, 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.
After 137 past neutral policy events, Wheat (SRW) 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.
