Loading…
The House passed a stopgap continuing resolution 359-57 to extend federal funding through December 11, after leaders agreed to restore farm payment funding. The measure also restores pandemic-related nutrition assistance and includes language intended to bar CCC funds from being used for a Big Oil bailout.
Restoring farm payment funding supports producer cash flow and avoids a government shutdown that could delay USDA data and programs. The direct effect on feed commodity prices is small.
farmpolicynews.illinois.eduKeith GoodSep 23, 2020After 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.
