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The House Agriculture Committee's H.R. 2, the Agriculture and Nutrition Act of 2018, would set farm and food policy for FY2019-FY2023 and reauthorize most programs in the 2014 farm bill.
The CBO estimates the bill's mandatory programs at $867 billion over ten years, roughly equal to extending current law unchanged.
The bill sets the safety-net and crop insurance rules that shape US planting incentives and farm income, but its direct effect on feed grain and oilseed prices is limited while passage is uncertain.
everycrsreport.comMay 16, 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.
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.
