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Agriculture Secretary Sonny Perdue briefed the House Agriculture Committee on the state of the rural economy and USDA's recently released farm bill priorities. Committee Chairman K.
Michael Conaway said depressed prices stem from natural disasters, high foreign subsidies, and tariff and non-tariff barriers.
Farm bill direction and sustained low farm incomes shape long-term producer decisions on acreage and livestock herd sizes, which feed through to feed grain and protein supply. The briefing itself does not change near-term prices.
agriculture.house.govFeb 6, 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.
