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Vice President Kamala Harris selected Minnesota Governor Tim Walz as her running mate, which brings agricultural issues more attention in the presidential campaign. Analysts note that tariffs or biofuel policy changes under either candidate could add uncertainty for farmers.
Possible future tariff or biofuel policy shifts create uncertainty for corn and soybean demand, but no concrete policy change has been enacted.
farmprogress.comBloombergAug 10, 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.
