◂ Event Timeline

Oct 26, 2023POLICYUS

Daybreak Oct. 26: Stabenow: $4-5B available for new farm bill

Senate Agriculture Chair Debbie Stabenow said she expects $4 to $5 billion in new funding for the next farm bill, mainly for commodity and crop insurance programs. She also said Congress will need a one-year extension of the 2018 farm bill by year-end.

The White House requested $56 billion in supplemental spending, including $2.8 billion for agricultural disaster aid and $1 billion for Food for Peace.

WHY IT MATTERS

Additional farm bill funding and disaster aid could support producer incomes and planting decisions. Food aid purchases could add modest export demand for U.S. commodities.

AFFECTSCorn Soybeans Wheat (SRW)

SOURCE
agri-pulse.comPhilip Brasher, Jacqui Fatka, Bill TomsonOct 26, 2023

Price reaction & history

Cornno directional readSO FAR1d -0.1%5d -3.5%20d -3.6%

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.

Jun 26, 2020Daybreak: June 26: Key lawmaker calls for new farm bill | 2020-06-26 | Agri-Pulse Communications, Inc.+4.6%
Oct 31, 2025Daybreak Oct. 31: Key Republicans still want farm bailout | Agri-Pulse Communications, Inc.-0.4%
Mar 9, 2023House Ag makes case for new farm bill funding | Agri-Pulse Communications, Inc.-1.0%
Nov 30, 2016Farm bill wheels starting to turn | Agri-Pulse Communications, Inc.+4.0%
Jan 17, 2024Poll: Farmers count on aid in new farm bill, back SNAP cut | Agri-Pulse Communications, Inc.+0.2%

Soybeansno directional readSO FAR1d -0.7%5d +0.2%20d +5.3%

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.

Jun 26, 2020Daybreak: June 26: Key lawmaker calls for new farm bill | 2020-06-26 | Agri-Pulse Communications, Inc.+2.7%
Oct 31, 2025Daybreak Oct. 31: Key Republicans still want farm bailout | Agri-Pulse Communications, Inc.+0.0%
Mar 9, 2023House Ag makes case for new farm bill funding | Agri-Pulse Communications, Inc.-2.5%
Nov 30, 2016Farm bill wheels starting to turn | Agri-Pulse Communications, Inc.+0.5%
Jan 17, 2024Poll: Farmers count on aid in new farm bill, back SNAP cut | Agri-Pulse Communications, Inc.+1.0%

Wheat (SRW)no directional readSO FAR1d +0.3%5d +2.2%20d +1.7%

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.

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%
Jan 17, 2024Poll: Farmers count on aid in new farm bill, back SNAP cut | Agri-Pulse Communications, Inc.-0.4%
Oct 25, 2017Opinion: The Zero-Sum 2018 Farm Bill | 2017-10-25 | Agri-Pulse | Agri-Pulse Communications, Inc.-4.5%
Sep 27, 2023In farm bill debate, Democrats stress broad range of farms | Agri-Pulse Communications, Inc.-5.3%

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 CORN · GP ▸

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Soybeans SOY · GP ▸

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