WTO to examine U.S.-China dispute on grain import quotas

After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.

• Sep 22, 2017WTO panel set up on China-USA row on grain import quotas+0.2%
• Aug 10, 2018China expects its U.S. agricultural imports to fall sharply - Grainews-7.5%
• Apr 6, 2022China Diversifies Ag Imports, U.S. Gets Smaller Piece | Feed & Grain-1.9%
• Aug 19, 2021China slow to comply in WTO tariff dispute | The Western Producer-1.0%
• Nov 14, 2018Amid Trade Spat With US, China To Boost Grain Import From Belt And Road Nations-0.7%

After 206 past neutral trade events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.6%), and +0.5% over 20.

• Sep 22, 2017WTO panel set up on China-USA row on grain import quotas-6.9%
• Jan 24, 2023China’s grain import volume declines in 2022 - Grain Central+4.1%
• Aug 19, 2021China slow to comply in WTO tariff dispute | The Western Producer+0.4%
• Aug 21, 2019East coast grain imports set to continue into 2020 | Farm Online | ACT+2.3%
• Mar 26, 2024China 2024 grain imports seen near record high-1.8%

Not enough comparable past events yet for a historical read.