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The House passed a $405 billion package of six fiscal 2023 appropriations bills, including agriculture. The agriculture bill totals $195 billion in mandatory and discretionary spending and bars companies from China, Russia and Iran from buying U.S. farmland.
Appropriations funding for USDA programs and the rejection of fertilizer duties affect farm costs and programs, but the bill itself has little direct effect on commodity prices.
nationalhogfarmer.comP. Scott ShearerJul 22, 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.
