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Cotton producer David Dunlow told a House Agriculture Committee hearing on July 23 that farmers may stop farming without a new farm bill or comparable relief by year end. Farm groups argued that another extension of the current bill would be insufficient given high production costs.
Prolonged uncertainty over farm support and rising costs could weigh on farmer financial health and planting decisions, but the hearing itself does not change near-term supply or prices.
farmprogress.comForrest LawsAug 12, 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.
