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Senate Agriculture Chairman Pat Roberts spoke to the Farm Foundation on implementing the 2018 Farm Bill, which Congress passed in December with an 87-13 Senate vote and a 369-47 House vote. He pledged to ensure programs operate as Congress intended.
This is a general statement on implementation with no new policy change, so it has no measurable effect on feed commodity prices.
agriculture.senate.govFeb 5, 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.
