National Corn Growers Association President Matt Frostic says the next two weeks in Washington will determine whether a farm bill and nationwide year-round E15 can pass in December. He notes bipartisan support but mixed signals on what Congress can finish.
The NCGA has no immediate alternative plan if the bill fails.
Year-round E15 would support ethanol and corn demand, but timing is uncertain and no change to supply or prices has occurred yet.
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.
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.