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Agriculture Dive previews 2024 US agriculture policy priorities, centered on passing a farm bill before Sept. 30 and on USDA competition and climate-smart initiatives.
It also flags possible H-2A visa reform ahead of the November election.
Policy debates are long-dated and mostly affect farm income and labor rather than near-term feed prices, so the direct price impact is limited.
agriculturedive.comSarah ZimmermanJan 31, 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.
