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House Agriculture Committee leaders Mike Conaway and Collin Peterson say they aim to complete the 2018 farm bill by the end of next year, with budget limits the main obstacle. Separately, the American Foreign Service Association's president says trade policy has shifted under the Trump administration toward bilateral deals after the TPP withdrawal and criticism of NAFTA.
Uncertainty over farm bill timing and shifts in trade agreements can affect export expectations for US grains and oilseeds. These remarks are statements of intent and do not change current trade flows.
aginfo.netAug 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, 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.
