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Panelists at an Ohio field day said both parties support agricultural exports ahead of the 2018 Farm Bill. Speakers cited a $28 return for every $1 invested in the Market Access Program and Foreign Market Development programs, and a House move to double their funding.
Stronger export promotion funding could support long-term foreign demand for US corn, soybeans and wheat. The effect on near-term prices is limited because the bill is still being written.
farmprogress.comGail C. KeckSep 13, 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.
