# Will Congress negotiate a new farm bill this fall? Farmers hope so - Marketplace

> Marketplace reports that more than 300 agricultural groups urged Congress to negotiate a new farm bill before the extension deadline at month-end. Farmers expect to sell this year's harvest at a loss as high yields for corn, soybeans and wheat push prices down while costs rise.

- Date: 2024-09-10 · published 2024-09-10T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/28294-will-congress-negotiate-a-new-farm-bill-this-fall-farmers-hope-so-marketplace
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Large harvests and low prices reinforce bearish feed grain pricing, and the lack of a farm safety net adds pressure on producer selling decisions.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-05-04 | [How will farm bill debate settle PLC vs. ARC?](https://feedsoft.ai/events/65016-how-will-farm-bill-debate-settle-plc-vs-arc.md) | +0.8% | +0.6% |
| CORN | 2022-08-17 | [Analysis-As economy wilts, Argentina's Massa seeks to sow hope with farm chiefs \| Euronews](https://feedsoft.ai/events/14016-analysis-as-economy-wilts-argentina-s-massa-seeks-to-sow-hope-with-farm-chiefs.md) | +0.3% | +3.8% |
| CORN | 2018-07-29 | [U.S. says farmers could get cash aid by October but will not be made whole](https://feedsoft.ai/events/64016-u-s-says-farmers-could-get-cash-aid-by-october-but-will-not-be-made-whole.md) | +1.3% | -1.6% |
| CORN | 2020-05-11 | [RFA, Other U.S. Farm & Biofuel Leaders Ask Congress for COVID-19 Relief](https://feedsoft.ai/events/52998-rfa-other-u-s-farm-and-biofuel-leaders-ask-congress-for-covid-19-relief.md) | -1.4% | +1.9% |
| CORN | 2018-07-24 | [USDA announces $12 billion in programs for farmers affected by trade war - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/64020-usda-announces-12-billion-in-programs-for-farmers-affected-by-trade-war-agweek.md) | +1.7% | +1.4% |
| SOY | 2018-05-04 | [How will farm bill debate settle PLC vs. ARC?](https://feedsoft.ai/events/65016-how-will-farm-bill-debate-settle-plc-vs-arc.md) | -2.9% | -2.1% |
| SOY | 2020-10-02 | [Argentina lowers export taxes on soy for three months, hoping farmers will sell their crops — MercoPress](https://feedsoft.ai/events/50483-argentina-lowers-export-taxes-on-soy-for-three-months-hoping-farmers-will-sell.md) | +2.6% | +2.8% |
| SOY | 2022-08-17 | [Analysis-As economy wilts, Argentina's Massa seeks to sow hope with farm chiefs \| Euronews](https://feedsoft.ai/events/14016-analysis-as-economy-wilts-argentina-s-massa-seeks-to-sow-hope-with-farm-chiefs.md) | +7.7% | +3.4% |

## Sources

- marketplace.org: https://www.marketplace.org/story/2024/09/10/farmers-congress-for-new-farm-bill-agriculture-agricultural-policy

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.