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Farm Policy News summarizes a Congressional Research Service report on FY2017 agricultural appropriations, noting that most USDA spending is mandatory and nutrition-related, including SNAP and child nutrition. Discretionary items include WIC, research and animal and plant health programs.
Budget composition shapes government spending priorities but does not directly change feed supply, demand or prices.
farmpolicynews.illinois.eduKeith GoodJan 4, 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.
