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Purdue agricultural economist Otto Doering told the Agricultural Bankers Conference that no one knows what a Trump administration means for the next farm bill. He said trade and fiscal policy may matter more for agriculture, and that Trump is receiving advice from people tied to the Heritage Foundation, which opposes farm subsidies.
Uncertainty over the next farm bill's safety net and subsidy levels could shift future farm income and planting incentives, but the piece offers no immediate price catalyst for feed commodities.
agriculture.comDan LookerNov 16, 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.
