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Successful Farming outlines five issues for the 2018 farm bill, centering on crop insurance scrutiny. It notes that passing legislation requires 60 Senate votes and that House Freedom Caucus members may resist farm spending.
Uncertainty over whether farm spending and crop insurance will pass affects farm income expectations, but the article describes process rather than a new market-moving event.
agriculture.comGil GullicksonApr 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.
