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DTN reports that congressional staffers offered few details on the timing and content of the next farm bill at the American Farm Bureau convention in Phoenix. Congress faces competing priorities including Obamacare repeal, Trump cabinet confirmations and the federal deficit.
The Trump administration's farm policy position remains unclear.
Policy uncertainty adds to the outlook but offers no immediate supply or demand change for feed markets.
dtnpf.comJan 9, 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.
