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Senate Agriculture Chairwoman Debbie Stabenow opened a hearing on commodity programs, crop insurance and credit for the next Farm Bill. She framed the farm safety net as necessary given severe weather and volatile global commodity prices.
The hearing signals that Congress is weighing changes to commodity support and risk tools, which could affect future farm income and planting decisions, but no immediate supply or price shock results.
agriculture.senate.govFeb 9, 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.
