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AgAmerica outlines the 2023 farm bill process and key issues, including commodity support and reference prices. It expects a temporary extension and says the bill is unlikely to pass before the September 30 expiration.
Expectations of an extension keep existing support programs in place and push final decisions on reference prices and commodity programs into the next year.
agamerica.comShelby BassAug 30, 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.
