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House Agriculture Committee Chairman K. Michael Conaway argued that farm net income fell 50% over four years and that the next farm bill should strengthen the farm safety net.
He cited Chinese subsidies exceeding WTO limits by an estimated $100 billion in 2015.
Signals congressional intent to keep or expand safety-net support for grains and cotton, which supports acreage and farmer cash flow but does not directly change near-term supply or prices.
agriculture.house.govMar 23, 2017After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% over 20.
After 137 past neutral policy events, Wheat (SRW) moved a median -0.4% over 5 sessions (43% higher; middle half -1.9% to +1.2%), and +0.3% over 20.
After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% 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.
