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Senator John Thune unveiled farm bill proposals to simplify ARC-CO payments for multi-county farms and to update base acres using 2014-2017 planting history. A CBO score is not yet available, but the changes are expected to save taxpayer money.
Changes to commodity payment structures affect farm planting incentives at the margin, but the proposal is early-stage and has little near-term price impact.
thune.senate.govMay 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.
