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EESI summarizes an April 26, 2023 House Agriculture Committee hearing with ten commodity groups. Witnesses stressed problems with ad hoc disaster aid, called for stronger crop insurance, and cited drought and extreme weather losses.
Groups also backed conservation and bioenergy programs.
The hearing testimony reflects producer priorities but does not set new policy, so it has no direct effect on feed commodity prices. It indicates that weather-related risk coverage will be a central issue in the bill.
eesi.orgEnvironmental, Energy Study Institute (EESIJul 25, 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.
