# Senate Farm Bill Debate, House Vote on the Horizon - Farm Policy Facts

> After the Senate passed its farm bill, China imposed a 25% tariff on $34 billion of US goods, and soybean futures hit a nine-year low. Mexico raised tariffs on US dairy to as high as 25%, Turkey imposed tariffs on agricultural goods, and Russia won wheat sales from US growers.

- Date: 2018-07-31 · published 2018-07-31T12:00:00.000Z
- Category: trade · region US · magnitude high
- Page: https://feedsoft.ai/events/64021-senate-farm-bill-debate-house-vote-on-the-horizon-farm-policy-facts
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

New retaliatory tariffs on US soybeans, cotton, and other exports reduce demand and widen the price discount for US commodities against competitors like Russian wheat.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- MILK: bearish ▼
- WHEAT: bearish ▼
- SORGHUM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-03-16 | [Ohio farmers advocate on the Hill - Farm and Dairy](https://feedsoft.ai/events/65989-ohio-farmers-advocate-on-the-hill-farm-and-dairy.md) | -1.1% | +1.3% |
| SOY | 2017-11-07 | [Don’t Bet the Farm or the (GOP) House on a Trade War with Mexico](https://feedsoft.ai/events/67964-don-t-bet-the-farm-or-the-gop-house-on-a-trade-war-with-mexico.md) | -2.1% | +2.5% |
| SOY | 2018-01-16 | [USDA Trade Data Update: Focus on Soybeans and Grains - Farm Policy News](https://feedsoft.ai/events/9200-usda-trade-data-update-focus-on-soybeans-and-grains-farm-policy-news.md) | +4.3% | +6.1% |
| SOY | 2026-08-03 | [Farm bill fight not quelled - POLITICO](https://feedsoft.ai/events/17894-farm-bill-fight-not-quelled-politico.md) | -1.3% | +8.9% |
| SOY | 2018-04-12 | [Federal Assistance for Farm Trade Impacts \| Farm Policy News \| Illinois](https://feedsoft.ai/events/65505-federal-assistance-for-farm-trade-impacts-farm-policy-news-illinois.md) | -0.6% | -3.9% |
| CORN | 2017-02-16 | [House Agriculture Committee starts work on 2018 farm bill](https://feedsoft.ai/events/72477-house-agriculture-committee-starts-work-on-2018-farm-bill.md) | -0.3% | -1.5% |
| CORN | 2017-11-07 | [Don’t Bet the Farm or the (GOP) House on a Trade War with Mexico](https://feedsoft.ai/events/67964-don-t-bet-the-farm-or-the-gop-house-on-a-trade-war-with-mexico.md) | -1.0% | -0.6% |
| CORN | 2017-12-11 | [USDA Trade Data; NAFTA Perspectives from Farm State Senators \| Farm Policy News \| Illinois](https://feedsoft.ai/events/67349-usda-trade-data-nafta-perspectives-from-farm-state-senators-farm-policy-news.md) | +4.7% | +5.7% |

## Sources

- farmpolicyfacts.org: https://farmpolicyfacts.org/as-farm-bill-conference-kicks-off-farmer-angst-grows-over-foreign-actions/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.