◂ Event Timeline

Jan 17, 2024POLICYUS

Poll: Farmers count on aid in new farm bill, back SNAP cut

An Agri-Pulse producer poll of 605 farmers found strong support for higher crop insurance subsidies and commodity supports in a new farm bill. Some 59% said SNAP costs should be reduced, and trade promotion funding was the top concern at 51%.

WHY IT MATTERS

Survey sentiment on farm bill priorities does not change near-term supply, demand or prices for feed commodities.

AFFECTSCORN SOY WHEAT

SOURCE
agri-pulse.comPhilip BrasherJan 17, 2024

Price reaction & history

CORNno directional readSO FAR1d -0.2%5d +0.2%20d -4.9%

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.

Mar 9, 2023House Ag makes case for new farm bill funding | Agri-Pulse Communications, Inc.-1.0%
Jan 28, 2019Farm subsidies to leap on $9.8 billion in trade aid | 2019-01-28 | Agri-Pulse | Agri-Pulse Communications, Inc.+0.7%
Nov 30, 2016Farm bill wheels starting to turn | Agri-Pulse Communications, Inc.+4.0%
Oct 25, 2017Opinion: The Zero-Sum 2018 Farm Bill | 2017-10-25 | Agri-Pulse | Agri-Pulse Communications, Inc.-1.4%
Apr 29, 2024House Ag Democrats counter on farm bill with CCC funding plan | Agri-Pulse Communications, Inc.+0.9%

SOYno directional readSO FAR1d -1.8%5d +1.0%20d -3.3%

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.

Mar 9, 2023House Ag makes case for new farm bill funding | Agri-Pulse Communications, Inc.-2.5%
Jan 28, 2019Farm subsidies to leap on $9.8 billion in trade aid | 2019-01-28 | Agri-Pulse | Agri-Pulse Communications, Inc.-0.8%
Nov 30, 2016Farm bill wheels starting to turn | Agri-Pulse Communications, Inc.+0.5%
Oct 25, 2017Opinion: The Zero-Sum 2018 Farm Bill | 2017-10-25 | Agri-Pulse | Agri-Pulse Communications, Inc.-0.2%
Apr 29, 2024House Ag Democrats counter on farm bill with CCC funding plan | Agri-Pulse Communications, Inc.+3.6%

WHEATno directional readSO FAR1d +0.0%5d -0.4%20d -5.3%

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.

Mar 9, 2023House Ag makes case for new farm bill funding | Agri-Pulse Communications, Inc.-0.2%
Nov 30, 2016Farm bill wheels starting to turn | Agri-Pulse Communications, Inc.+3.7%
Oct 25, 2017Opinion: The Zero-Sum 2018 Farm Bill | 2017-10-25 | Agri-Pulse | Agri-Pulse Communications, Inc.-4.5%
Jun 16, 2023Payment limits to be reconsidered in Farm Bill | Agri-Pulse Communications, Inc.+3.5%
Oct 26, 2023Daybreak Oct. 26: Stabenow: $4-5B available for new farm bill | Agri-Pulse Communications, Inc.+2.2%

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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