Loading…
Ag economists testified before the Senate Agriculture Committee on what the next farm bill might need. USDA's chief economist said crop insurance and dairy margin programs may be adjusted, and a Federal Reserve economist flagged weakening farm liquidity.
Senator Heitkamp said no panelist supported the proposed Trump budget cuts.
Farm liquidity strains and possible program changes affect producer finances and marketing behavior, but there is no direct supply or price shock for feed markets.
brownfieldagnews.comLarry LeeMay 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.
