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A Congressional Research Service report outlines the FY2021 Agriculture appropriations bill, which funds USDA, FDA and related programs. It notes the House passed a minibus with agriculture appropriations on July 24, 2020, and that the Senate released a draft later.
The report summarizes the bill's main discretionary spending items.
Appropriations levels affect USDA program funding and trade promotion but have little direct effect on commodity prices in the near term.
everycrsreport.comJul 1, 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.
