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The Senate Agriculture Committee held a July 25 hearing on credit and crop insurance for the 2018 farm bill. Groups including the Independent Community Bankers, American Farm Bureau and crop insurance leaders outlined their priorities.
Testimony on multi-year bills and crop insurance signals policy direction but does not change near-term supply or demand for feed grains.
farmprogress.comJul 25, 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.
