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Congress has not passed the FY2017 Agriculture appropriations bill, so USDA and FDA operate under continuing resolutions through April 28, 2017. The House and Senate committee bills were reported but not enacted.
Continuing resolutions keep funding at prior levels, so near-term USDA program and data operations are largely unchanged. Price impact is minimal.
everycrsreport.comDec 20, 2016After 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.
