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The National Governors Association co-chairs sent a letter to congressional agriculture leaders outlining governors' priorities for the farm bill reauthorization. The letter cites inflation and changed global markets since the 2018 reauthorization.
State-level policy priorities add pressure for farm bill passage but do not directly change supply, demand or prices for feed commodities.
nga.orgNational Governors AssociationSep 5, 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.
