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A bipartisan group of about 50 lobbyists, polled at an AGree event on February 1, expected the farm bill to be finished only in 2019 and to spend about 10 percent below the current baseline. The panel also discussed foreign investment in agriculture.
Expectations of lower and delayed farm bill spending point to reduced federal support for farm incomes, but the effect on feed commodity prices is indirect and small.
thefencepost.comThe Hagstrom ReportFeb 3, 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.
