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Agriculture Secretary Sonny Perdue testified before the House Agriculture Committee at a hearing on the state of the rural economy. Lawmakers discussed NAFTA, water regulation and the farm safety net, with cotton and dairy cited as weak spots.
Signals from the new administration on NAFTA and the safety net bear on export demand and farm income, but no immediate supply change is involved.
farmpolicynews.illinois.eduKeith GoodMay 18, 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.
