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The American Farm Bureau Federation and about 500 other groups sent a letter urging Congress not to cut funding in the 2018 farm bill. Farm Bureau lobbyist Mary Kay Thatcher said crop insurance is likely to be targeted because it costs more than commodity or conservation programs.
Potential cuts to crop insurance could affect risk management for growers, but no decision has been made, so the impact on feed grain prices is minimal.
brownfieldagnews.comTom SteeverFeb 22, 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.
