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Under current law, farmers can receive up to $125,000 in commodity subsidies, or double for couples, unless their adjusted gross income is $900,000 or more. Lawmakers from unusual coalitions are pushing to reform these payments in the farm bill.
Proposed limits on commodity payments are a policy debate that could affect farm income and planting decisions in the long run, but they do not change near-term supply or prices.
politico.comCatherine Boudreau, Helena Bottemiller EvichNov 15, 2017After 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.
After 137 past neutral policy events, Wheat (SRW) moved a median -0.4% over 5 sessions (43% higher; middle half -1.9% to +1.2%), and +0.3% 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.
