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House Agriculture Chair G.T. Thompson described the farm bill funding and extension process.
Senate Agriculture Chair Debbie Stabenow said the new bill will have no new funding, so any program increases must come from reallocations. The bill was expected to cost about $1.5 trillion and faces delays.
With no new money, funding reallocations could shift support between commodity and conservation programs, a factor for future crop and livestock supply decisions, though the timeline is uncertain.
agweb.comJun 14, 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.
