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Democrats won the midterm elections, flipping control of the House and Senate and taking Senate seats in farm states including Texas, Iowa and Kansas. The Farm Bill, last passed in 2018 and extended three times, expired in October, and the main dispute is Republican-backed state cost-sharing for SNAP.
Democrats have said they will not back a Farm Bill without at least a two-year delay in that cost-sharing.
A Democratic-controlled Congress from next year raises the odds of a revised farm support and nutrition package, which shapes the US farm income outlook and, indirectly, feed demand. The direct price effect on feed grains and meals is limited for now.
thenewlede.orgBrian BienkowskiNov 5, 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.
