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Former AFBF chief economist Roger Cryan writes that the 2018 Farm Bill expires at midnight on September 30, 2024, with an extension possible later. He lists programs that will shut down immediately, including international trade promotion, biobased and advanced biofuel bioenergy programs, and several animal health programs.
Expiry of biofuel and animal health programs and the loss of fixed reference price support could affect farm finances and biofuel demand signals, though the immediate price impact is modest.
fb.orgRoger CryanSep 30, 2024After 196 past neutral policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), and -0.5% 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.
