# Farm Bill Math Updated in New Congressional Budget Office Baseline | Farm Bureau Intel Markets | American Farm Bureau Federation

> The Congressional Budget Office released its June 2017 baseline for farm program spending on June 29, 2017. The American Farm Bureau explains how the baseline will be used to score future farm bill changes for budget neutrality.

- Date: 2017-07-05 · published 2017-07-05T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/69935-farm-bill-math-updated-in-new-congressional-budget-office-baseline-farm-bureau
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

The baseline sets the budget room for the 2018 farm bill, which influences future program support levels but not current crop or feed prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-03-29 | [Let’s Get Going, 2024! \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/31218-let-s-get-going-2024-farm-bureau-intel-markets-american-farm-bureau-federation.md) | -4.2% | -6.0% |
| CORN | 2018-05-30 | [U.S. Corn Condition Second Highest on Record \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/64879-u-s-corn-condition-second-highest-on-record-farm-bureau-intel-markets-american.md) | -2.3% | -8.2% |
| CORN | 2017-05-10 | [Updated Supply and Demand Expectations for Corn and Soybeans in 2017/18 \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/70851-updated-supply-and-demand-expectations-for-corn-and-soybeans-in-2017-18-farm.md) | +0.3% | +2.4% |
| CORN | 2017-03-31 | [Soybeans Trumping Corn in 18 States \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/72026-soybeans-trumping-corn-in-18-states-farm-bureau-intel-markets-american-farm.md) | +0.4% | +0.3% |
| CORN | 2020-10-09 | [USDA Grain Stocks and WASDE Shock Markets \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/50594-usda-grain-stocks-and-wasde-shock-markets-farm-bureau-intel-markets-american.md) | +3.7% | +7.4% |
| SOY | 2024-03-29 | [Let’s Get Going, 2024! \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/31218-let-s-get-going-2024-farm-bureau-intel-markets-american-farm-bureau-federation.md) | -0.5% | -2.7% |
| SOY | 2017-05-10 | [Updated Supply and Demand Expectations for Corn and Soybeans in 2017/18 \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/70851-updated-supply-and-demand-expectations-for-corn-and-soybeans-in-2017-18-farm.md) | +1.1% | -3.6% |
| SOY | 2017-03-31 | [Soybeans Trumping Corn in 18 States \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/72026-soybeans-trumping-corn-in-18-states-farm-bureau-intel-markets-american-farm.md) | -2.2% | -1.8% |

## Sources

- fb.org: https://www.fb.org/intel/markets/farm-bill-math-updated-in-new-congressional-budget-office-baseline

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.