◂ Event Timeline

Nov 3, 2026POLICYUS

A farm bill needs rural and urban support. That bipartisan coalition is on shaky footing

The 2018 farm bill's 2023 renewal expired on October 1, 2026, and the House has passed a new version while a Senate version awaits a floor vote. Disputes over SNAP funding and delays to changes from last year's One Big Beautiful Bill have stalled progress, and the Senate Agriculture Committee advanced a version on party lines in September.

WHY IT MATTERS

Without a renewed farm bill, commodity, crop insurance and conservation programs remain on extension, which leaves farm income support uncertain. Passage would clarify program support for feed grains and oilseeds, but no price impact is expected from this update alone.

AFFECTSWHEAT SOY CORN

2 SOURCES
ipmnewsroom.orgHarvest Public MediaNov 3, 2026
nebraskapublicmedia.orgMacy Byars, Reporter Nebraska Public Media NewsNov 3, 2026

Price reaction & history

WHEATno directional readSO FAR1d -0.5%5d —20d —

After 1,019 past policy events, WHEAT moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.5%), and +0.2% over 20.

Mar 16, 2022Next U.S. farm bill challenges and opportunities+14.5%
Dec 28, 2021The latest tug-of-war: Billions in farm subsidies and rural aid - POLITICO-1.2%
Jan 15, 2019The Realities of Implementing the 2018 Farm Bill - Farm Foundation+3.3%
Mar 21, 2023Farm Bill Discussion Needs to Focus on Food Security as Foreign Competition Takes US Markets - Constitution Partners+10.4%
Oct 30, 2025Q&A: What's next for the Farm Bill? | IATP-2.8%

SOYno directional readSO FAR1d -0.3%5d —20d —

After 1,905 past policy events, SOY moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), and +0.2% over 20.

Mar 16, 2022Next U.S. farm bill challenges and opportunities+2.3%
Dec 28, 2021The latest tug-of-war: Billions in farm subsidies and rural aid - POLITICO-1.4%
Nov 12, 2025ASA and NOPA Urge Action on Biofuel Policies Supporting Farmers - American Soybean Association+3.6%
Jan 15, 2019The Realities of Implementing the 2018 Farm Bill - Farm Foundation+2.1%
Mar 21, 2023Farm Bill Discussion Needs to Focus on Food Security as Foreign Competition Takes US Markets - Constitution Partners-2.9%

CORNno directional readSO FAR1d -1.1%5d —20d —

After 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.

Sep 22, 2022Senators offer bipartisan support for USDA trade nominee | Agri-Pulse Communications, Inc.-2.8%
Mar 16, 2022Next U.S. farm bill challenges and opportunities+0.1%
Dec 28, 2021The latest tug-of-war: Billions in farm subsidies and rural aid - POLITICO-0.2%
Jan 15, 2019The Realities of Implementing the 2018 Farm Bill - Farm Foundation+0.5%
Mar 21, 2023Farm Bill Discussion Needs to Focus on Food Security as Foreign Competition Takes US Markets - Constitution Partners+1.5%

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.

WHEAT · GP ▸

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SOY · GP ▸

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