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Farm Press reports that the next U.S. farm bill debate is expected to start in early 2017, targeting completion before 2014 farm bill provisions expire on September 30, 2018. Commentary cites a desire to secure a favorable budget baseline because crop prices are currently low.
Farm bill uncertainty affects future commodity support levels and planting incentives, but near-term price effects are limited.
farmprogress.comHembree BrandonJan 24, 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.
