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The House passed H.R. 2 on June 21, 2018 by 213-211, and the Senate passed its version on June 28 by 86-11.
CBO scores put mandatory spending at about $867 billion in the Senate bill and $865 billion in the House bill over FY2019-FY2028.
Both bills largely maintain existing farm programs, so they provide policy continuity and reduce uncertainty about support levels, with limited immediate price impact.
everycrsreport.comJul 27, 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.
