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The Dispatch reports that the farm bill's clock is running down as several programs with multiyear authorizations approach their September 30 expiration. It estimates Senate Republicans put this year's bill at up to $1.5 trillion in mandatory spending over 10 years.
The size of mandatory farm spending and the expiration timetable shape the level and certainty of federal support for row crops and livestock, but the article does not describe an immediate price-moving event.
thedispatch.comPrice St. ClairAug 1, 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.
