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Analysis of the Congressional Budget Office's May 2022 baseline finds farm-related and nutrition spending projected at about $1.3 trillion over ten years. The increase is driven largely by a 66.4% rise in projected SNAP spending.
Budget baselines shape how much room lawmakers have for farm programs in the next farm bill, which affects future support for farm incomes and production decisions. The effect on near-term grain prices is limited.
southernagtoday.orgBart FischerJul 7, 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, SOY 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 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.
