◂ Event Timeline

Aug 23, 2021POLICYUS

Looking at a More Permanent Disaster Program

South Dakota Senator John Thune called for ad hoc disaster assistance to be built into the farm bill as a permanent program. He favors crop insurance provisions that trigger automatically after weather disasters.

WHY IT MATTERS

A permanent disaster framework would change how drought losses are compensated, which can affect farmers' planting and marketing behavior at the margin.

AFFECTSCorn Soybeans Wheat (SRW)

SOURCE
rrfn.comCarah HartAug 23, 2021

Price reaction & history

Cornno directional readSO FAR1d +0.0%5d +2.3%20d -5.5%

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.

Aug 3, 2022A Deep Dive into Farm Bill Funding | Red River Farm Network+2.2%
Apr 21, 2021China Seeking Alternatives to Corn and Soybean Meal | Red River Farm Network+14.7%
Sep 20, 2017Taking a more holistic look at the farm bill - POLITICO+0.5%
Jan 2, 2023Risk Management Tools Must be a Farm Bill Priority - Northern Ag Network-1.8%
Mar 25, 2021Trade Coalition Wants Trump Era Tariffs Removed | Red River Farm Network+1.0%

Soybeansno directional readSO FAR1d +0.0%5d +5.1%20d -2.4%

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.

Aug 3, 2022A Deep Dive into Farm Bill Funding | Red River Farm Network+7.9%
Sep 20, 2017Taking a more holistic look at the farm bill - POLITICO-0.2%
Aug 15, 2019Were southern soybean farmers at top of mind in the design of recent USDA tariff and disaster relief programs?-0.1%
Jan 2, 2023Risk Management Tools Must be a Farm Bill Priority - Northern Ag Network-1.0%
Mar 25, 2021Trade Coalition Wants Trump Era Tariffs Removed | Red River Farm Network+0.3%

Wheat (SRW)no directional readSO FAR1d +1.1%5d +1.1%20d +5.4%

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.

Aug 3, 2022A Deep Dive into Farm Bill Funding | Red River Farm Network+6.9%
Apr 21, 2021China Seeking Alternatives to Corn and Soybean Meal | Red River Farm Network+4.5%
Sep 20, 2017Taking a more holistic look at the farm bill - POLITICO-6.6%
Jan 2, 2023Risk Management Tools Must be a Farm Bill Priority - Northern Ag Network-0.7%
Mar 25, 2021Trade Coalition Wants Trump Era Tariffs Removed | Red River Farm Network-0.8%

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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