G20 agriculture ministers met in Hyderabad, India, on June 16-17, 2023, and issued an outcome document and chair's summary. The document focuses on global food security, malnutrition and the impact of the war in Ukraine on the world economy.
The statement is a policy discussion with no immediate supply or export change, so its direct price effect on feed grains is limited.
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.
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.