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A regional farm news report covered a House Ag Subcommittee hearing where a Georgia peanut and cotton farmer described repeated refinancing after floods and drought. Subcommittee leaders said they would work on the next Farm Bill.
Lawmakers also discussed environmental provisions and their effect on the safety net.
The story reflects producer financial stress that could shape future farm aid policy. It has no near-term effect on feed commodity prices.
aginfo.netJun 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.
