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DTN reports that Senate Agriculture Committee members raised concerns that ad hoc disaster aid, nearly $70 billion over six years, has overtaken ARC and PLC safety-net programs. Lawmakers said aid arrives too slowly and that the safety net needs improvement.
Reliance on ad hoc aid rather than the safety net points to likely future reform of farm support, a policy matter that does not directly move feed commodity prices now.
dtnpf.comChris ClaytonFeb 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.
