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The Environmental Working Group argues that farm policy should do more to support healthy diets. It notes that corn and soybean farmers received far larger subsidies than fruit and vegetable growers, and that corn and soybeans are mainly used for feed and fuel.
The argument is advocacy for subsidy reform, and any policy change would be years away, so it has little near-term effect on corn or soybean meal prices.
ewg.orgScott Faber (EWGNov 28, 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.
