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An analysis from farmdoc daily reviews the House farm bill, reported April 18 by a 26-20 partisan committee vote. It highlights changes to SNAP, the elimination of the Conservation Stewardship Program, and revisions to farm program payment limits and eligibility.
It also summarizes the CBO cost estimate for the ten-year window.
The partisan vote suggests a harder path to enactment, which keeps farm program uncertainty elevated. Price effects on feed grains and oilseeds remain indirect.
origin.farmdocdaily.illinois.eduHongxia JiaoApr 26, 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.
