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A small group of Republican senators, led by Bob Corker and Pat Toomey, is pushing an amendment to the Senate farm bill that would give Congress power to approve or reject tariffs imposed on national security grounds. The Trump administration opposes the amendment, and its passage is uncertain.
The debate reflects political resistance to the tariff policy that is driving retaliation against US farm exports, so the outcome affects the durability of the trade dispute. Passage would reduce tariff risk, while failure leaves the trade overhang in place.
cnbc.comJacob PramukJun 26, 2018After 554 past neutral policy events, SOY moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.
After 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.
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.
