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An opinion piece argues the USDA projects the US to be a net food importer in 2023, the first time in its history, and urges the Farm Bill to address food security. It recommends excluding tinplate steel from Section 232 tariffs and a 25% duty on Chinese processed fruit and vegetables.
The argument concerns fruit and vegetable trade rather than feed grains, and it has no direct price effect on animal feed commodities.
constitutionpartners.comPatrick FirthMay 14, 2023After 1,982 past trade events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +1.6%), and +0.4% over 20.
After 1,802 past trade events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.7%), and +0.7% over 20.
After 1,079 past trade events, Wheat (SRW) moved a median -0.0% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.2% 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.
