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Missouri Independent columnist Greg Frazier argues the 2018 farm bill extension expires September 30 and will likely lapse, the second straight year of delay. He criticizes House spending priorities and suggests continuing existing law may be a better option than a new bill.
Opinion on the farm bill lapse does not change near-term feed grain supply, demand or prices.
missouriindependent.comGreg FrazierSep 5, 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.
