
The House passed H.R. 7567 by a 224-200 vote on April 30, while the Senate has passed neither bill.
The Senate bill S. 5526 would delay state SNAP benefit cost-sharing to fiscal 2029, while the House bill would not.
Both bills would generally extend SNAP and related programs through September 30, 2031.
Differences in nutrition, loan and trade provisions between the chambers affect how quickly a farm bill can be enacted. Until resolved, the policy framework for US farm programs remains unsettled, with little direct effect on commodity prices.
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.