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Senator John Boozman, ranking member of the Senate Agriculture Committee, said work has started on the next Farm Bill, which is due in 2023. He said the food supply chain bent but did not break during the pandemic and that safety nets will continue.
Early farm bill positioning signals continued safety net support, which supports farmer planting decisions over the long run but has no immediate effect on prices.
southeastagnet.comClint ThompsonJul 21, 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.
