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U.S. Wheat Associates submitted comments to USTR for the annual National Trade Estimates report, highlighting trade barriers in India and China. Concerns include India's price support system and export subsidies, and China's domestic support and TRQ violations.
The group estimates removing India's subsidies would add $516 million a year to U.S. wheat production value by 2028/29.
Removing trade barriers in India and China would improve U.S. wheat export access, but the submission is a policy position without immediate price impact.
uswheat.orgNov 10, 2020After 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 72 past policy events, Wheat (HRW) moved a median -1.2% over 5 sessions (38% higher; middle half -3.0% to +1.6%), and -0.8% 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.
