
House Agriculture Committee Chairman Glenn Thompson said he has identified a funding mechanism for changes to farm bill commodity programs and expects a committee markup before Memorial Day. He said no money would come from the nutrition title or Inflation Reduction Act conservation funds.
Senate Republicans also proposed raising crop insurance premium subsidies.
A funded safety-net expansion would support producer income and planting incentives over time, but the impact on feed grain prices in the near term is modest.
After 439 past neutral policy events, CORN moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% over 20.
After 554 past neutral policy events, SOY moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% 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.