◂ Event Timeline

Apr 27, 2022POLICYUS

Ongoing disaster to figure into farm bill discussions

At the North American Agricultural Journalists meeting, Senate Agriculture Chairwoman Stabenow and ranking member Boozman said disaster aid will be a major farm bill issue. They noted that WHIP Plus programs have covered damages back to 2017 and that aid can take up to two years to reach farmers.

No specific disaster program has been proposed.

WHY IT MATTERS

Disaster-aid design affects farmer risk management and planting decisions, but without concrete legislation it has no immediate effect on feed commodity prices.

AFFECTSCorn Soybeans Wheat (SRW)

SOURCE
agri-pulse.comPhilip BrasherApr 27, 2022

Price reaction & history

Cornno directional readSO FAR1d +0.9%5d -6.4%20d -1.7%

After 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.

Nov 30, 2016Farm bill wheels starting to turn | Agri-Pulse Communications, Inc.+4.0%
Apr 18, 2018House farm bill tees up fights over funding, policy | 2018-04-18 | Agri-Pulse | Agri-Pulse Communications, Inc.-0.0%
Oct 25, 2017Opinion: The Zero-Sum 2018 Farm Bill | 2017-10-25 | Agri-Pulse | Agri-Pulse Communications, Inc.-1.4%
Apr 29, 2024House Ag Democrats counter on farm bill with CCC funding plan | Agri-Pulse Communications, Inc.+0.9%
Jan 28, 2019Farm subsidies to leap on $9.8 billion in trade aid | 2019-01-28 | Agri-Pulse | Agri-Pulse Communications, Inc.+0.7%

Soybeansno directional readSO FAR1d +1.2%5d -2.7%20d -0.7%

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.

Apr 29, 2022Senate Ag launches farm bill hearings | 2022-04-29 | Agri-Pulse Communications, Inc.-1.6%
Nov 30, 2016Farm bill wheels starting to turn | Agri-Pulse Communications, Inc.+0.5%
Apr 18, 2018House farm bill tees up fights over funding, policy | 2018-04-18 | Agri-Pulse | Agri-Pulse Communications, Inc.-2.3%
Oct 25, 2017Opinion: The Zero-Sum 2018 Farm Bill | 2017-10-25 | Agri-Pulse | Agri-Pulse Communications, Inc.-0.2%
Apr 29, 2024House Ag Democrats counter on farm bill with CCC funding plan | Agri-Pulse Communications, Inc.+3.6%

Wheat (SRW)no directional readSO FAR1d -0.1%5d -1.9%20d +0.9%

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.

Nov 30, 2016Farm bill wheels starting to turn | Agri-Pulse Communications, Inc.+3.7%
Apr 18, 2018House farm bill tees up fights over funding, policy | 2018-04-18 | Agri-Pulse | Agri-Pulse Communications, Inc.+0.1%
Oct 25, 2017Opinion: The Zero-Sum 2018 Farm Bill | 2017-10-25 | Agri-Pulse | Agri-Pulse Communications, Inc.-4.5%
Jan 24, 2024Flexible and creative: The pathways to farm bill funding | Agri-Pulse Communications, Inc.+0.3%
Mar 15, 2017Ag groups urge boost in farm bill spending | 2017-03-15 | Agri-Pulse | Agri-Pulse Communications, Inc.-1.7%

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.

Corn CORN · GP ▸

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Soybeans SOY · GP ▸

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