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The Agricultural Policy Analysis Center is studying a supply management program as an alternative basis for the 2018 Farm Bill, commissioned by the Texas Farmers Union. The analysis notes crop prices have declined for four years and that current policy support may be inadequate.
A supply management proposal would change how US crop support is structured, but it is only a study and has no near-term price effect. It signals continued policy debate over low crop prices.
agpolicy.orgSep 22, 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.
