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House Agriculture Committee subcommittee chairman Rep. Austin Scott opened a hearing with producer leaders from 10 national commodity groups on the 2023 Farm Bill.
He noted over $90 billion in ad hoc assistance since the 2018 bill and argued that predictable safety-net programs are needed for the next five years.
Expectations of a stronger, more predictable safety net via higher reference prices could shape future planting and crop insurance decisions, but this is policy discussion without immediate supply or price impact.
agriculture.house.govApr 26, 2023After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% over 20.
After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% 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.
