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The Congressional Budget Office released its cost estimate for the Agriculture Act of 2026, also known as the “skinny” farm bill. The bill would authorize programs through 2031 in areas including conservation, food aid, trade promotion, rural development, research, forestry, nutrition, and horticulture, and would amend crop insurance and the Renewable Fuel Standard.
The bill could affect agricultural support and renewable-fuel policy, but the information provided does not specify changes likely to shift feed-commodity supply or demand. No clear commodity price direction follows from the estimate alone.
thefencepost.comHagstrom ReportNov 10, 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.
