◂ Event Timeline

Apr 18, 2018POLICYUS

House farm bill tees up fights over funding, policy

Agri-Pulse reports that the House farm bill includes reforms to food stamps along with changes to conservation, rural development, and energy programs. Chairman Conaway wants to eliminate the Conservation Stewardship Program and defund biorefinery assistance.

Senate Democrats such as Debbie Stabenow have signaled they will write a different bill.

WHY IT MATTERS

Defunding energy programs such as biorefinery assistance could reduce long-term demand for biofuel-linked crops, though the effect is small in the near term. Substantial Senate revisions are expected, so the final bill remains uncertain.

AFFECTSCorn Soybeans Wheat (SRW)

SOURCE
agri-pulse.comPhilip BrasherApr 18, 2018

Price reaction & history

Cornno directional readSO FAR1d +0.4%5d -0.0%20d +4.7%

After 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.

Mar 9, 2023House Ag makes case for new farm bill funding | Agri-Pulse Communications, Inc.-1.0%
Apr 29, 2024House Ag Democrats counter on farm bill with CCC funding plan | Agri-Pulse Communications, Inc.+0.9%
Sep 27, 2017Updating base could help farm bill funding, but at political cost | 2017-09-26 | Agri-Pulse | Agri-Pulse Communications, Inc.+3.2%
Apr 11, 2024House Ag Democrats weigh GOP farm bill offer | Agri-Pulse Communications, Inc.-0.4%
Apr 27, 2022Ongoing disaster to figure into farm bill discussions | 2022-04-26 | Agri-Pulse Communications, Inc.-6.4%

Soybeansno directional readSO FAR1d -0.4%5d -2.3%20d -2.6%

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.

Mar 9, 2023House Ag makes case for new farm bill funding | Agri-Pulse Communications, Inc.-2.5%
Apr 29, 2024House Ag Democrats counter on farm bill with CCC funding plan | Agri-Pulse Communications, Inc.+3.6%
Sep 27, 2017Updating base could help farm bill funding, but at political cost | 2017-09-26 | Agri-Pulse | Agri-Pulse Communications, Inc.-0.9%
Apr 11, 2024House Ag Democrats weigh GOP farm bill offer | Agri-Pulse Communications, Inc.-1.3%
Apr 27, 2022Ongoing disaster to figure into farm bill discussions | 2022-04-26 | Agri-Pulse Communications, Inc.-2.7%

Wheat (SRW)no directional readSO FAR1d +0.3%5d +0.1%20d -0.9%

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.

Mar 9, 2023House Ag makes case for new farm bill funding | Agri-Pulse Communications, Inc.-0.2%
Sep 27, 2017Updating base could help farm bill funding, but at political cost | 2017-09-26 | Agri-Pulse | Agri-Pulse Communications, Inc.+6.0%
Apr 11, 2024House Ag Democrats weigh GOP farm bill offer | Agri-Pulse Communications, Inc.-0.9%
Apr 27, 2022Ongoing disaster to figure into farm bill discussions | 2022-04-26 | Agri-Pulse Communications, Inc.-1.9%
Oct 3, 2018Farm bill expiration impact varies | 2018-10-02 | Agri-Pulse | Agri-Pulse Communications, Inc.-2.7%

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.

Corn CORN · GP ▸

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Soybeans SOY · GP ▸

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