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California's Department of Food and Agriculture is preparing state recommendations for the 2018 Farm Bill. The post outlines the bill's commodity, crop insurance and trade titles and cites UC Davis estimates that drought caused $5.6 billion in California agricultural losses over three years.
This is advocacy and background on farm policy with no new supply or demand event, so it has little direct effect on feed grain or meal prices.
plantingseedsblog.cdfa.ca.govOffice of Public AffairsApr 21, 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.
