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Sep 27, 2023POLICYUS

In farm bill debate, Democrats stress broad range of farms

Democrats on House and Senate Agriculture committees emphasized the needs of smaller-scale and family farms in the farm bill debate during a Farm Foundation webinar. Commodity program design remains a major sticking point in negotiations.

WHY IT MATTERS

Farm bill debate over commodity programs is a long-term policy factor for U.S. crop acreage and safety nets, but no immediate supply or price change results from these remarks.

AFFECTSCorn Soybeans Wheat (SRW)

SOURCE
agri-pulse.comPhilip BrasherSep 27, 2023

Price reaction & history

Cornno directional readSO FAR1d +0.4%5d +1.8%20d +2.7%

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.

Apr 11, 2024House Ag Democrats weigh GOP farm bill offer | Agri-Pulse Communications, Inc.-0.4%
Apr 29, 2024House Ag Democrats counter on farm bill with CCC funding plan | Agri-Pulse Communications, Inc.+0.9%
Nov 30, 2016Farm bill wheels starting to turn | Agri-Pulse Communications, Inc.+4.0%
Jun 16, 2023Payment limits to be reconsidered in Farm Bill | Agri-Pulse Communications, Inc.+2.2%
Jan 17, 2024Poll: Farmers count on aid in new farm bill, back SNAP cut | Agri-Pulse Communications, Inc.+0.2%

Soybeansno directional readSO FAR1d +0.0%5d -2.3%20d -0.6%

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.

Apr 11, 2024House Ag Democrats weigh GOP farm bill offer | Agri-Pulse Communications, Inc.-1.3%
Apr 29, 2024House Ag Democrats counter on farm bill with CCC funding plan | Agri-Pulse Communications, Inc.+3.6%
Nov 30, 2016Farm bill wheels starting to turn | Agri-Pulse Communications, Inc.+0.5%
Jun 16, 2023Payment limits to be reconsidered in Farm Bill | Agri-Pulse Communications, Inc.+4.6%
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 -5.3%20d -2.4%

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.

Apr 11, 2024House Ag Democrats weigh GOP farm bill offer | Agri-Pulse Communications, Inc.-0.9%
Nov 30, 2016Farm bill wheels starting to turn | Agri-Pulse Communications, Inc.+3.7%
Jun 16, 2023Payment limits to be reconsidered in Farm Bill | Agri-Pulse Communications, Inc.+3.5%
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%

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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