Loading…
MinnStar Bank summarizes key provisions of the current farm bill, which expires September 30, 2023 unless extended. It covers commodity title programs including PLC, ARC-CO, marketing assistance loans and Dairy Margin Coverage.
Some farm groups want higher reference prices and loan rates.
Potential increases in reference prices or loan rates would raise the income floor for covered crops, which could support continued planting. The effect on feed prices would only emerge once legislation is finalized.
minnstarbank.comKent ThiesseDec 27, 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.
