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An explainer outlines the 2018 farm bill, a roughly $870 billion package covering trade, commodities, nutrition and conservation programs. The current law was set to expire September 30, and a conference committee was still reconciling House and Senate versions.
The article also covers the bill's history and goals.
Background on farm bill content gives buyers context on future commodity support and trade programs, but no immediate supply or price change follows from it.
investigatemidwest.orgKaolin Sewell/The Midwest CenterSep 14, 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.
