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China set its 2023 tariff-rate import quotas for wheat, corn and rice at the same levels as 2022, with wheat at 9.636 million tonnes, corn at 7.2 million tonnes and rice at 5.32 million tonnes. The cotton quota was set at 894,000 tonnes.
Unchanged quotas signal steady allowed Chinese grain imports, so the notice has limited price impact on feed grains.
ukragroconsult.comOct 11, 2022After 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 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 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.
