Loading…
The Build Back Better reconciliation package, at $1.75 trillion, includes about $28 billion for conservation, $2 billion for agricultural research, and $12 billion for farmer debt relief. Congress has yet to pass the bill, and Democrats are still seeking votes.
Cover-crop and conservation funding could modestly shift acreage practices over time, but passage is uncertain and the near-term price effect is limited.
farmprogress.comJacqui FatkaNov 4, 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.
