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Corn, soybean and wheat groups backed the CREAATE Act, introduced in the Senate by Sens. King, Ernst and Donnelly.
The bill would double funding for the Market Access Program and Foreign Market Development program.
More export promotion funding could help build foreign demand for US grains and oilseeds over time. The bill is only introduced and has no immediate price effect.
ernst.senate.govSep 20, 2017After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% over 20.
After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.
After 137 past neutral policy events, Wheat (SRW) moved a median -0.4% over 5 sessions (43% higher; middle half -1.9% to +1.2%), and +0.3% 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.
