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The CBO released its ten-year baseline projections for farm bill mandatory programs covering commodities, conservation, SNAP and crop insurance. The current 2018 farm bill expires with the 2023 crop year and Congress has begun reauthorization steps.
Baseline spending limits constrain how much new support Congress can add, shaping future farm safety-net design with limited direct price impact in the near term.
farmdocdaily.illinois.eduHongxia JiaoJun 1, 2022After 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% over 20.
After 2,447 past report events, Wheat (SRW) moved a median +0.0% over 5 sessions (51% higher; middle half -1.5% to +1.8%), 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.
