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NPR reports that as Congress negotiates a new farm bill, some farmers want higher subsidies for crop support programs meant to protect farms from low prices or poor harvests. Critics argue these backstops waste taxpayer money.
Changes to federal safety-net payments affect farm planting decisions and cash flow, but the effect on feed grain prices is indirect and not near-term.
npr.orgElizabeth RembertNov 9, 2023After 439 past neutral policy events, CORN moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% over 20.
After 554 past neutral policy events, SOY moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% 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.
