Loading…
The Senate Budget Committee planned to approve its fiscal 2018 budget resolution without cutting farm bill programs. The House version seeks a $10 billion cut in food stamps over a decade, and the Senate Agriculture and House Agriculture committees face a tight budget with no added funds.
Keeping farm programs intact preserves the existing safety net, while the squeeze on new money limits changes to cotton, dairy and grain subsidies. The effect on grain and feed prices is limited.
agriculture.comChuck AbbottOct 2, 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, 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.
