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EESI summarizes Senate Agriculture Committee hearings held in February 2023 on trade and horticulture and on commodity programs, crop insurance and credit. It highlights USDA disaster assistance programs such as NAP and emergency assistance.
This is a recap of past hearings on farm programs with no new policy action, so it has no measurable effect on feed commodity prices.
eesi.orgEnvironmental, Energy Study Institute (EESIMay 2, 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.
