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At a Senate Agriculture subcommittee hearing, the American Farm Bureau Federation and National Farmers Union agreed that the next farm bill should maintain crop insurance and raise Title I PLC and ARC funding. Ten commodity groups differed on details of how basic subsidy programs should be reauthorized.
Farm bill negotiations shape future safety-net payments and crop insurance that affect planting decisions, but the outcome is years away and has no immediate price effect on feed markets.
hydesmith.senate.govMay 3, 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.
