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Senate and House fiscal 2018 appropriations bills for USDA and FDA would provide about $1 billion in new aid to cotton and dairy farmers. The Senate bill would make cottonseed eligible for Price Loss Coverage and lower dairy Margin Protection Program costs, while the House bill lacks similar provisions.
Added cotton and dairy support could keep cotton and dairy output higher, modestly easing cottonseed meal and milk supply tightness over time.
agri-pulse.comPhilip BrasherJul 26, 2017Not enough comparable past events yet for a historical read.
After 24 past bearish policy events, Milk (Class III) moved a median -0.1% over 5 sessions (33% higher; middle half -1.8% to +0.5%), and -4.6% 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.
