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Senate and House Agriculture Republicans signaled they could accept a two-year delay in the SNAP benefit cost-share requirement that Democrats want. Congress must reach a farm bill deal by year-end or pass a fourth extension of the 2018 law.
Farm bill uncertainty mainly affects program support and policy timing rather than near-term supply. A short extension keeps existing rules in place, so it has little direct effect on feed commodity prices.
subscriber.politicopro.comNov 11, 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.
