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Pro Farmer's daily policy roundup says Senate Republicans plan to release a farm bill plan in coming weeks, while the House GOP plan is delayed. The same update covers Congress's funding deal, EU tariff plans on Russian grain, and Chinese approvals of GM soybean and corn.
Farm bill timing affects long-term safety-net and crop insurance support, and EU tariffs on Russian grain could shift import flows. Neither is an immediate price driver.
profarmer.comJim WiesemeyerMar 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.
