Farms.com Home   Ag Industry News

Congress Back to Work on Farm Bill Legislation

By Amanda Brodhagen, Farms.com

After a 16 day partial federal U.S. government shutdown, Congress is moving forward on business, which includes the farm bill. Talks are expected to start up again on Monday and continue for the rest of the week.

The 2008 Farm Bill extension expired Sept. 30, with no new bill currently in place. There are several different components to the bill, including crop insurance and perhaps the most contentious, food assistance - which Republicans and Democrats have yet to find a compromise.

It comes down to numbers. The Republicans advocate to cut food stamps by $40 billion, while Democrats propose a $4.5 billion cut. Let’s see if the House and Senate can reconcile its food and farm issues to draft a new Farm Bill law this week.
 


Trending Video

Did Bears Win Thanksgiving, Will Bulls Get Christmas?

Video: Did Bears Win Thanksgiving, Will Bulls Get Christmas?


Did the bears win Thanksgiving (although this week had green on the screen), and will the bulls get Christmas? Bears won thanksgiving thanks to a USDA Nov crop report dud that stalled the bullish grain momentum for a brief period. But a bullish lower yield surprise in the Dec crop report could reignite the rally.
2026 U.S. winter wheat planting is nearly complete at 97% while crop conditions improved by 3 points to 48% good-to-excellent. US corn & soybean harvest is complete.
High corn demand, which is off the chart, and more Chinese soybean demand could support a Christmas rally.
Nasdaq had it’s worst November since 2011.
A U.S. Fed rate cut in December will help fund flow and sentiment.
Bitcoin held a long-term support at 80,000 and that's positive for fund flow and sentiment. It should help stock prices and Ag as we go into December.
Fertilizer prices continue to climb as we look ahead to 2026. Farmers may rely more on the nutrients that they already have in their soils.
South American Weather remains critical as the soybean reproductive stage starts from late Nov to late Feb depending on planting date.
Will a Russia-Ukraine peace deal happen by year-end?
CFTC data as of showed more managed money fund sell-off as of October 14th.