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A Farm Progress policy column reviews early priorities of the new administration and Congress, led by further COVID-19 relief and a package of nearly $2 trillion. It also notes that racial equity and climate policy are on the agenda.
Large fiscal stimulus can support demand and inflation expectations, which can lift commodity prices, but the column offers only general policy context.
farmprogress.comBrad LubbenMar 12, 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.
