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Mar 9, 2023POLICYUS

House Ag makes case for new farm bill funding

The House Agriculture Committee sent a letter to House Budget Committee Chairman Jodey Arrington asking for adequate resources in the next farm bill. The letter says spiking input costs and outdated policy have made the commodity title ineffective, and notes $93.3 billion in ad hoc aid over six years.

It comes as House GOP leaders tie debt-ceiling support to federal spending cuts.

WHY IT MATTERS

Higher farm bill funding for commodity programs could cushion producers' costs and influence future acreage and feed grain supply, but the outcome depends on the budget fight and carries no immediate price impact.

AFFECTSCORN SOY WHEAT

SOURCE
agri-pulse.comPhilip BrasherMar 9, 2023

Price reaction & history

CORNno directional readSO FAR1d -1.5%5d -1.0%20d -0.0%

After 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.

Apr 29, 2024House Ag Democrats counter on farm bill with CCC funding plan | Agri-Pulse Communications, Inc.+0.9%
Apr 18, 2018House farm bill tees up fights over funding, policy | 2018-04-18 | Agri-Pulse | Agri-Pulse Communications, Inc.-0.0%
Aug 4, 2021Push for conservation funding raises farm bill questions | 2021-08-03 | Agri-Pulse Communications, Inc.-1.0%
Apr 11, 2024House Ag Democrats weigh GOP farm bill offer | Agri-Pulse Communications, Inc.-0.4%
Jun 24, 2026Trump seeks E15, hemp fix and $11B in farm aid in funding bill | Agri-Pulse Communications, Inc.-2.3%

SOYno directional readSO FAR1d -0.4%5d -2.5%20d -1.0%

After 1,905 past policy events, SOY moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), and +0.2% over 20.

Apr 29, 2024House Ag Democrats counter on farm bill with CCC funding plan | Agri-Pulse Communications, Inc.+3.6%
Apr 18, 2018House farm bill tees up fights over funding, policy | 2018-04-18 | Agri-Pulse | Agri-Pulse Communications, Inc.-2.3%
Aug 4, 2021Push for conservation funding raises farm bill questions | 2021-08-03 | Agri-Pulse Communications, Inc.+4.0%
Apr 11, 2024House Ag Democrats weigh GOP farm bill offer | Agri-Pulse Communications, Inc.-1.3%
Nov 30, 2016Farm bill wheels starting to turn | Agri-Pulse Communications, Inc.+0.5%

WHEATno directional readSO FAR1d -0.5%5d -0.2%20d -4.6%

After 1,019 past policy events, WHEAT moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.5%), and +0.2% over 20.

Apr 18, 2018House farm bill tees up fights over funding, policy | 2018-04-18 | Agri-Pulse | Agri-Pulse Communications, Inc.+0.1%
Aug 4, 2021Push for conservation funding raises farm bill questions | 2021-08-03 | Agri-Pulse Communications, Inc.-2.7%
Apr 11, 2024House Ag Democrats weigh GOP farm bill offer | Agri-Pulse Communications, Inc.-0.9%
Nov 30, 2016Farm bill wheels starting to turn | Agri-Pulse Communications, Inc.+3.7%
Jan 24, 2024Flexible and creative: The pathways to farm bill funding | Agri-Pulse Communications, Inc.+0.3%

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.

CORN · GP ▸

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SOY · GP ▸

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