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Lawmakers held farm bill hearings and listening sessions at Dakotafest and Farmfest in South Dakota and Minnesota. Farmers asked for changes to commodity programs given current low prices and drought losses in South Dakota.
Pressure for a stronger safety net reflects weak farm incomes, which may shape future program design. The immediate effect on grain and oilseed prices is small.
agweek.comMichelle Rook, Special to AgweekSep 4, 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.
