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Senator Pat Roberts held a July 25 Senate Agriculture hearing on risk management tools for the 2018 farm bill, described as the committee's largest farm bill hearing this Congress. Roberts said all of agriculture is struggling with low prices, and cited drought in the High Plains and flooding in the South.
The hearing reinforces the policy debate over safety-net support but carries no direct supply shock or immediate price impact.
agriculture.senate.govJul 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.
