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House Agriculture Chairman Mike Conaway told the House Rules Committee that H.R. 2 was the product of a three-year process with 114 hearings.
He said the committee reached an impasse over SNAP work requirements, specifically whether able-bodied adults should work or do 20 hours of work training per week to qualify for benefits.
The SNAP dispute is the main obstacle to passing the bill, and a delay would keep current commodity and insurance rules in place. Feed grain prices are unlikely to move on this alone.
agriculture.house.govMay 15, 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.
