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Senate Agriculture Chair Debbie Stabenow and House Agriculture Chair GT Thompson talked with Capital Press about the 2023 Farm Bill. They said passage before the 2018 bill expires on September 30 will be difficult because work is behind schedule and divisions are deep.
Uncertainty over the timing of farm bill reauthorization affects farm program expectations, but it does not change near-term supply or demand for feed commodities.
capitalpress.comSIERRA DAWN McCLAINCapital PressJan 19, 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.
