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A FiscalNote blog explains that the 2018 Farm Bill expires September 30 and Congress is drafting replacement legislation. It summarizes the 2018 bill's scope, which authorized $428.3 billion, with about 75 percent going to mandatory nutrition programs.
Uncertainty over the reauthorization timeline and funding levels affects expectations for commodity programs, but the blog offers general background with no direct price signal.
fiscalnote.comAmanda ZiadehApr 12, 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.
