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The House Agriculture Committee's year-in-review highlights Chairman-elect GT Thompson's appointment for the 118th Congress and the introduction of H.R. 8069 on reducing farm input costs.
The bill has 50 Republican cosponsors and directs the administration to reverse certain regulatory barriers to domestic production. The release also covers conservation initiatives.
A new Republican-led House agriculture agenda focused on input costs and regulation signals possible future policy shifts for fertilizer and energy-linked production costs. The bill has not passed, so the near-term market effect is limited.
agriculture.house.govDec 20, 2022After 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.
