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Senate Agriculture leaders Chairman John Boozman and ranking member Amy Klobuchar committed to finishing the farm bill in the lame-duck session. Negotiations with House committee leaders are ongoing, with the SNAP cost-shift dispute still the main obstacle.
Farm bill policy sets commodity support and crop insurance levels, which affect long-run planting incentives. Near-term price impact is limited until a deal or extension is clear.
thefencepost.comHagstrom ReportNov 12, 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.
