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Agriculture policy observers warn that partisan polarization in Congress could endanger passage of the 2023 Farm Bill, citing the House defeats of the bill in 2013 and 2018. Coppess of the University of Illinois says the political climate amplifies uncertainty.
Delay or failure of the farm bill would prolong current ad hoc aid and policy uncertainty, but it has little near-term effect on feed grain supply or prices.
agriculture.comChuck AbbottNov 22, 2021After 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.
