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Policy commentary says debate on the 2023 Farm Bill has started through field hearings and producer meetings, focusing on program priorities. Significant legislative proposals are not expected until after the midterm elections and the new Congress convenes in January.
Farm bill uncertainty affects future safety-net, crop insurance and conservation spending, but no near-term change to supply or prices is implied.
farmprogress.comBrad LubbenSep 9, 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.
