
Senate Agriculture Committee Chair John Boozman said House and Senate committee staff are negotiating to resolve differences on a new farm bill and that an agreement is close. Negotiators are also weighing a Democratic request for a two-year delay in SNAP changes.
A farm bill sets crop insurance, commodity support and nutrition policy, so passage would give producers more income certainty. Its direct effect on grain and oilseed prices is modest for now.
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.