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Reuters reports that a House Republican approach to the farm bill may conflict with Biden administration goals on hunger and climate. Republicans have criticized USDA's $3 billion climate-smart investment and Secretary Vilsack's push to cut farm emissions.
The article also notes that SNAP benefit expirations could cut about $82 a person monthly.
Farm bill direction affects future crop insurance, commodity support and conservation funding, but near-term feed price impact is limited while the bill remains in negotiation.
reuters.comLeah DouglasNov 18, 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.
