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Twenty House Agriculture Committee members wrote to President Trump urging long-term farm safety-net solutions in the farm bill. The letter responds to a depressed farm economy and threats of retaliatory tariffs.
The National Farmers Union backed the letter and called for higher Price Loss Coverage reference prices.
Pressure for stronger safety nets signals that policymakers are preparing income support for farmers facing tariff losses. This does not change near-term supply or demand for grains and oilseeds.
ocj.comBrianna SmithApr 23, 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.
