
Democrats won control of both chambers in the November 3 midterms, flipping eight Senate seats for a 55-seat majority and winning the House. Lawmakers return for a lame-duck session scheduled to adjourn December 18, with the new Congress sworn in January 3.
Both agriculture committees will change leadership, leaving little time to finish a farm bill and fund the government.
A farm bill delay or leadership change adds policy uncertainty for commodity programs and crop insurance, but near-term price impact on feed commodities is limited. The main risk is a compressed timeline that could leave support programs unresolved into 2027.
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.
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.