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The USDA released its 2018 Farm Bill and Legislative Principles document, which calls for a farm safety net that avoids distorting markets and promotes crop insurance innovation. Taxpayers for Common Sense praised the stance and urged eliminating shallow-loss income programs.
The administration's farm bill position signals possible future changes to crop support, but implementation is years away and has no immediate price effect.
taxpayer.netTCSJan 24, 2018After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% over 20.
After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% 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.
