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Stabenow released the full text of the Rural Prosperity and Food Security Act on November 18, 2024, including $39 billion in new resources. The bill provides a five-year farm bill framework and builds on her May proposal.
The funding and five-year certainty would support farm production and income, but with limited prospects for passage in this Congress, the price effect on feed markets is minimal.
agweb.comNov 18, 2024After 1,623 past policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.4% to +1.5%), and +0.4% over 20.
After 1,905 past policy events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), and +0.2% over 20.
After 1,019 past policy events, Wheat (SRW) moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.5%), and +0.2% 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.
