Loading…
A Politico item describes a farm program extension that is fully funded from internal Agriculture Department money and a separate biorefinery funding pot. It notes House Agriculture Chair G.T.
Thompson cautioned against delays.
Funding a program extension keeps existing farm support in place for the coming year, reducing near-term policy uncertainty with little direct price effect on feed.
politico.comMeredith Lee HillNov 13, 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.
