Loading…
An Agri-Pulse report says a proposed mandatory base acreage update would cost 34 states a net $3 billion over 10 years, while other states gain $1.1 billion. The report also covers a dispute between Senate Republicans over how to advance the Cattle Price Discovery and Transparency Act.
Base acreage changes would shift farm payments and could alter future planting incentives. The cattle price discovery proposal could affect how cash cattle prices are set, but neither item is an immediate supply shock.
agri-pulse.comPhilip Brasher, Steve Davies, Jacqui Fatka, Bill Tomson, Noah WicksAug 2, 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.
