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The House of Representatives approved an $867 billion farm bill that allocates billions in farm subsidies, legalizes hemp, and supports farmers markets. The bill also rejects stricter food stamp limits pushed by House Republicans.
The subsidies and safety-net provisions provide income support that can keep farmers in production, which supports long-run feed grain supply. The price effect on feed commodities is limited in the near term.
washingtonpost.comJeff SteinJan 1, 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.
