Loading…
The National Cotton Council summarized key provisions of H.R. 2, the Agriculture and Nutrition Act of 2018, approved by the House Agriculture Committee on April 18.
The summary covers ARC and PLC changes, reference-price escalators, a one-time crop-by-crop election, and marketing loan rules. It includes cotton-specific reference prices and loan rates.
Changes to reference prices and payment eligibility affect how much support producers receive, which can influence planting decisions. The direct price effect on the grain and oilseed complex is modest.
cotton.orgApr 20, 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.
