Loading…
Rep. Collin Peterson, the ranking Democrat on the House Agriculture Committee, says there is no extra money to strengthen the farm safety net in the 2018 farm bill.
He notes that the Republican budget resolution may cut farm bill spending or hold it flat, and that farmers face financial strain.
Limited funding for the farm bill constrains how much the safety net can cushion low prices. This is a political signal about future support rather than an immediate price driver.
mprnews.orgTom WeberOct 3, 2017After 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.
