Loading…
Republican members of the Senate Agriculture Committee asked Chairwoman Debbie Stabenow to hold hearings on how to allocate $135 billion in new agriculture spending in the reconciliation package. They also asked for a business meeting where members could offer amendments.
The allocation of new farm spending will shape future program payments and conservation funding, but it does not directly move feed commodity prices.
farmprogress.comJacqui FatkaAug 19, 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.
