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The American Agricultural Law Association hosted a panel of Washington agricultural policy specialists on what the 117th Congress and Biden administration mean for farmers. Panelists discussed the narrow Democratic majorities in both chambers and expected policy shifts on immigration, climate and water regulation.
A narrow congressional majority and new executive leadership raise uncertainty over farm support and regulation, but the panel offered no concrete new measure that would move feed grain prices directly.
farmlaw.ces.ncsu.eduRobert BrananJan 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.
