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The Congressional Record includes a House floor speech by Rep. Mann calling for a five-year farm bill, noting the last bill was signed in December 2018.
The speech argues the bill is needed to address changes since then, including the pandemic and the Russia-Ukraine war.
This is legislative advocacy with no concrete policy change, so it has minimal immediate effect on feed commodity prices.
govinfo.govNov 29, 2023After 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.
