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The Congressional Research Service published a report on rural development provisions in the 2018 farm bill (P.L. 115-334).
It explains that the law reauthorizes and amends USDA Rural Development programs covering housing, business, water, energy and broadband.
The program changes concern rural infrastructure and development funding rather than crop supply, demand or prices, so the direct effect on feed commodity markets is negligible.
everycrsreport.comFeb 20, 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.
