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The American Soybean Association, National Association of Wheat Growers and others asked for increased Market Access Program and Foreign Market Development funding in the next farm bill. ASA seeks to double funding to $469 million, citing EU promotion spending.
Higher export promotion funding could support US demand for corn, soy and wheat over time, though the request is advocacy with no enacted change yet.
brownfieldagnews.comMar 8, 2017After 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.
After 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.
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.
