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Congressional budget disputes over CHIP, DACA and government funding are delaying work on the farm bill and disaster aid. Senator Moran said May and June would be consumed by items left unresolved, and a farm bill passed on time now looks unlikely.
Delays in disaster aid and farm bill action add policy uncertainty for producers but do not change near-term feed supply or demand.
dtnpf.comChris ClaytonJan 19, 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.
