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The Congressional Research Service published a side-by-side comparison of the House Agriculture Committee's 2018 Farm Bill (H.R. 2) with current law, covering commodity programs, conservation, trade, nutrition, credit, crop insurance and other titles.
The current 2014 farm bill expires in 2018, and the House bill would set the future direction of farm policy.
Changes to commodity support, crop insurance and trade titles shape future planting incentives and farm income, which can influence medium-term supply expectations for corn, soybeans, wheat and cotton. The report itself is a reference summary, so its immediate price impact is limited.
everycrsreport.comJun 29, 2018After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% over 20.
After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.
After 137 past neutral policy events, Wheat (SRW) moved a median -0.4% over 5 sessions (43% higher; middle half -1.9% to +1.2%), and +0.3% 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.
