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House and Senate agriculture committee leaders released the text of the bipartisan 2018 Farm Bill conference report on December 10, 2018. The bill covers commodity programs, the safety net, and dairy provisions over the next five years.
The bill sets multi-year farm support and safety-net levels, which affect long-run planting incentives for feed crops. The near-term price impact is modest because the measure mainly provides income support.
agriculture.house.govDec 10, 2018After 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.
