◂ Event Timeline

Feb 7, 2024POLICYUS

Agriculture Committee Democrats Release Principles for the Next Farm Bill

House Agriculture Committee Democrats released a memo setting out the principles they want in the next farm bill to win support from the House Democratic Caucus. The principles call for protecting Inflation Reduction Act climate investments and SNAP food assistance.

Ranking Member David Scott urged Republicans to pass a bipartisan bill.

WHY IT MATTERS

The memo signals Democratic demands that could shape the final farm bill's funding mix, but it does not change current crop or feed supply. Price impact is limited while the bill remains stalled.

AFFECTSCORN SOY WHEAT

SOURCE
democrats-agriculture.house.govFeb 7, 2024

Price reaction & history

CORNno directional readSO FAR1d -0.6%5d -1.1%20d +0.3%

After 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.

May 15, 2025Reviewing the House Agriculture Committee’s Reconciliation Bill - farmdoc daily+4.4%
Dec 10, 2018House and Senate Ag Committee Leaders Release Farm Bill Conference Report | House Agriculture Committee+0.3%
Nov 29, 2018House and Senate Ag Leaders: We've Reached Agreement in Principle on 2018 Farm Bill | House Agriculture Committee+7.6%
Apr 26, 2023Opening Statement: “Producer Perspectives on the 2023 Farm Bill” | House Agriculture Committee-2.1%
Feb 10, 2026Chairman Glenn "GT" Thompson: A new farm bill that puts farmers first | House Agriculture Committee+0.7%

SOYno directional readSO FAR1d -0.9%5d -1.1%20d -4.9%

After 1,905 past policy events, SOY moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), and +0.2% over 20.

May 15, 2025Reviewing the House Agriculture Committee’s Reconciliation Bill - farmdoc daily-0.4%
Dec 10, 2018House and Senate Ag Committee Leaders Release Farm Bill Conference Report | House Agriculture Committee-1.8%
Nov 29, 2018House and Senate Ag Leaders: We've Reached Agreement in Principle on 2018 Farm Bill | House Agriculture Committee+2.1%
Apr 26, 2023Opening Statement: “Producer Perspectives on the 2023 Farm Bill” | House Agriculture Committee-0.4%
Feb 10, 2026Chairman Glenn "GT" Thompson: A new farm bill that puts farmers first | House Agriculture Committee+2.1%

WHEATno directional readSO FAR1d +0.2%5d -3.7%20d -0.9%

After 1,019 past policy events, WHEAT 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.

CORN · GP ▸

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SOY · GP ▸

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