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The House Agriculture Committee began voting on amendments to its draft farm bill, which seeks about $35 billion in direct spending cuts. The House plan would cut $16 billion from SNAP, compared with $4 billion in the Senate bill, and differs on how direct payments convert to crop insurance.
Farm bill spending and program design shape future subsidy levels and planting incentives for crops like rice and peanuts, but the effect on near-term feed prices is limited.
ipm.orgSarah GordonOct 29, 2019After 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.
