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AgAmerica economists preview the 2023 Farm Bill, citing inflated input costs, supply shortages and more severe weather. They identify commodity reference prices, which they describe as outdated, as a key point of contention.
Changes to reference prices and farm safety-net payments could affect future planting incentives and feed grain supply, but no near-term price impact is implied.
agamerica.comDonya-Faye WixJul 4, 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.
