
Senate Agriculture Chair Debbie Stabenow released the 1,397-page draft farm bill text on November 18, 2024. It restricts USDA's use of the Commodity Credit Corporation from 2025 through 2030 and raises Price Loss Coverage reference prices by 5%.
The bill would constrain ad hoc trade-war aid, making farm income more dependent on market prices and affecting feed-grain acreage and planting decisions in the coming years. Passage is uncertain given Republican opposition.
After 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 553 past neutral policy events, SOY moved a median +0.1% 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.