Loading…
Senate Minority Leader Mitch McConnell said Congress will pass a farm bill, but not by the September 30 expiration. Senate Agriculture Chair Debbie Stabenow is targeting year-end, and a short-term lapse is possible.
A delayed farm bill means the current program terms continue for now, with uncertainty about reference prices and support levels that could shape future planting and feed supply.
rollcall.comEllyn FergusonAug 24, 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, SOY 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 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.
