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Illinois soybean farmer Ron Moore, a former American Soybean Association chairman, says the 2023 farm bill needs modest tweaks rather than major changes. He points to the past need for Market Facilitation Program payments during the China tariff dispute.
His priorities are viable crop insurance and a higher soybean reference price.
Pressure for a higher soybean reference price could support producer income and planting in future years. This is an industry opinion and does not change current supply or demand.
977wmoi.comKelsey CrainDec 14, 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.
