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The House passed a stopgap spending bill 301-123 that extends federal funding to November 21, 2019. The vote followed debate over aid to farmers hurt by the U.S.-China trade war, and the Senate is expected to take it up the following week.
The bill keeps government operations funded and removes a near-term shutdown risk. It has no direct effect on commodity supply, demand or prices.
rollcall.comKellie MejdrichSep 19, 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.
