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The Trump administration released its first full FY2018 budget request on May 23, 2017, proposing a $5.1 billion (-24%) cut to discretionary Agriculture appropriations. The request also includes legislative changes to mandatory farm bill programs.
Deep proposed cuts to USDA discretionary funding and farm bill programs signal shifting federal support for producers, but Congress will decide final levels, so near-term feed price impact is limited.
everycrsreport.comJun 2, 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.
