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A farmdoc analysis says House Agriculture Committee work on the farm bill is delayed by partisan disagreement over SNAP changes. It also notes that budget rules requiring offsets will compete for limited baseline funding.
Budget constraints on farm programs affect future support levels but do not directly move feed commodity prices in the near term.
farmdocdaily.illinois.eduHongxia JiaoMar 30, 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, SOY 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 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.
