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The National Taxpayers Union urged senators to back several amendments to the Senate farm bill, including the Corker-Toomey measure requiring congressional approval of Section 232 tariffs and a Durbin-Grassley crop insurance AGI test change. The group argues that trade uncertainty is a bigger threat to farmers than subsidies.
This is advocacy rather than a new policy decision, so its price effect is minimal. It signals continued pressure to limit tariff authority, which bears on the trade risk premium for US farm commodities.
ntu.orgNan SwiftJun 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.
