U.S. House Passes Ag-Only Farm Bill

Jul 11, 2013

By Amanda Brodhagen, Farms.com

In a close vote, the U.S. House passed an ag-only farm bill Thursday. For the first time, it cut out food aid, which left a standalone farm policy piece of legislation. The vote tally was 216-208.

The new House farm bill comes after the House turned down a five-year bill last month. A group of Republican lawmakers voted against the bill, as they hoped for deeper cuts in the Supplemental Nutrition Assistance Program (SNAP), also known as food stamps.

Republican leader’s strategy was to split the farm bill in two, to gain more conservative votes – dealing only with farm policy. Democrats fired back accusing the Republicans of turning the farm legislation into a partisan bill, which fails to protect America’s poor.

The Republican-controlled House defied a White House veto warning that was issued Wednesday. The Senate passed its own version of the farm bill earlier this month. Congress doesn’t have much time to pass a singular bill to garner the support of both houses of Congress. The 2008 farm bill extension ends Sept. 30th.

Video: Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?

Historically, the USDA December crop report is a non-event or another dud report as the USDA reserves any final supply changes to the final report in January of the following year in this case 2026. But after the longest U.S. government shutdown in history at 43 days and no October crop report will they provide more data/surprise and make an exception?
Our China U.S. soybean purchase tracker is now at 26.6% or a total of 3.2 mmt but for traders it’s taking too long to unfold.
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More inflows into Bitcoin this past week saw prices rebound back above 90,000 with support at 82,000 and resistance at 96,000.
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Finally, the CFTC report showed funds were net buyers of soybeans but sellers of corn, canola and wheat. In real time the funds have gone back to selling as they take some profits.