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The House Agriculture Subcommittee on General Farm Commodities and Risk Management held a hearing on the farm safety net, covering the Farm Bill, crop insurance and ad hoc disaster programs. Witnesses included an Illinois farmer and a farmdoc economist.
Lawmakers said any changes should not weaken existing programs.
The discussion previews Farm Bill debates that could affect crop insurance and disaster aid, which influence planting decisions over time. There is no immediate price impact on feed grains.
farmpolicynews.illinois.eduKeith GoodJun 24, 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.
