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Senate Agriculture Committee hearings this week heard producers describe a depressed farm economy, with net farm income reportedly halved from a few years ago. Witnesses urged reauthorizing the farm bill with strong risk management tools like crop insurance, and expanded markets and NAFTA renegotiation.
Farm policy and crop insurance support can affect planting decisions and farm credit, but no immediate price move follows from hearing testimony alone.
farmpolicyfacts.orgFarm Policy FactsJul 28, 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.
