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Democrats gained control of the House and Senate in the November 3 midterm elections, with surprising wins in rural states such as Iowa, Kansas and Texas. Exit polls cited high costs and opposition to Trump policies including tariffs and the Iran war as major factors.
A shift in congressional control may change farm policy priorities, including tariffs and farm aid, which affect export demand expectations for feed grains and soybeans. The direction of policy is uncertain, so the price impact is limited for now.
farmprogress.comJoshua BaethgeNov 4, 2026After 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.
