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Congress returns to a week with focus on Ukraine aid, a House speaker challenge, and FISA, with the Baltimore bridge collapse recovery also in view. The week's agenda includes WASDE and CPI data releases.
Farm bill progress is described as stalled.
The article is a general political preview with no direct new supply, demand or policy driver for feed commodities, so its market impact is minimal.
profarmer.comJim WiesemeyerApr 7, 2024After 541 past macro events, Corn moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% over 20.
After 456 past macro events, Soybeans moved a median -0.0% over 5 sessions (50% higher; middle half -2.1% to +1.6%), and -0.4% over 20.
After 152 past macro events, Wheat (SRW) moved a median -0.1% over 5 sessions (47% higher; middle half -2.2% to +1.1%), and -0.7% 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.
