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The National Association of Counties summarized the competing House and Senate Agriculture Committee frameworks for the $1.5 trillion 2024 Farm Bill. It notes that Chairman Thompson released the bill text on May 17 and that the House committee advanced it 33-21 at its May 24 markup.
The article focuses on county investment programs in infrastructure, workforce and conservation.
The article describes legislative process without new supply or demand changes, so it has little direct price implication for feed commodities.
naco.orgMay 17, 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.
