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Farm Progress discusses how the next farm bill, due around 2022 or 2023, may bring major policy changes driven by trade issues rather than traditional farm programs. An attorney cites tight budget pressures after roughly $3 trillion in pandemic spending.
Political changes in congressional agriculture committee leadership are also expected.
Policy uncertainty about future support and trade rules affects long-term planting and export expectations, but the impact on near-term feed prices is limited.
farmprogress.comForrest LawsJul 22, 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.
