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Beijing is expected to publish its 2024 tariff-rate import quotas in early October, likely after the National Day holiday. Analysts expect roughly 9.636 million tonnes of wheat, 7.2 million tonnes of corn and 5.32 million tonnes of rice, with grains facing a 65% tariff outside quota.
Quota levels determine how much grain China can import at low tariffs, so any change will shift global wheat, corn and rice demand and prices.
agweb.comSep 15, 2023After 137 past neutral policy events, Wheat (SRW) moved a median -0.4% over 5 sessions (43% higher; middle half -1.9% to +1.2%), and +0.3% over 20.
After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% over 20.
After 100 past neutral policy events, Rough Rice moved a median +0.0% over 5 sessions (51% higher; middle half -2.6% to +2.3%), and +0.7% 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.
