
Moderate Democrats and progressives may clash next year over agriculture and energy policy after the 2026 midterm results. Centrist Democrats in the New Democrat Coalition expect to grow their ranks.
Congress will be divided starting in January, with Republican leaders Jim Jordan and John Thune in key roles.
A divided Congress makes passage of ag and energy legislation harder, which adds policy uncertainty for biofuel and farm program outlooks but has no immediate price effect.
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.