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A study by John Gilliland, published June 13, 2017, argues that the Heritage Foundation's proposal to eliminate US farm policy would harm farmers and weaken US negotiating power on agricultural trade. The study is an advocacy analysis of a policy proposal.
The debate over eliminating farm supports is a policy discussion with no immediate change to supply, demand or prices.
farmpolicyfacts.orgFarm Policy FactsJun 13, 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.
