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Agri-Pulse reports that Congress could revisit the 2018 farm bill as early as next year, citing the slumping farm economy and climate concerns. Some House Agriculture Committee candidates favor writing a new bill sooner, and the National Farmers Union is developing supply-management options.
House Democrats have also proposed expanded conservation programs.
Possible supply-management measures or expanded support would change future production incentives, which matters for medium-term feed grain and oilseed supply expectations.
agri-pulse.comPhilip BrasherJul 8, 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.
