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Senate Agriculture Ranking Member John Boozman unveiled the Senate Republican Farm Bill Framework, which drew support from colleagues including Leader Mitch McConnell. The framework emphasizes farmer safety net, competitiveness in world markets and new producer support.
A Senate GOP framework signals a possible path for farm bill passage but does not change near-term feed supply or demand.
agriculture.senate.govJul 19, 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.
