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US crop groups are pushing for a new five-year farm bill that raises reference prices to better reflect input costs. The 2018 bill expired in 2023 and was extended only to September 30 amid congressional gridlock.
Higher reference prices would support farm income and planting incentives over time. Passage is uncertain, so the price effect is distant.
producer.comSean PrattMar 7, 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.
