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An Ontario Grain Farmer commentary says the European Union is taking a protectionist stance against certain grain imports to support its own farmers. It notes COVID-19 food security fears have fueled protectionism in several countries.
EU import restrictions on grains and feed ingredients could redirect global trade flows and weigh on exporter prices if broadened.
ontariograinfarmer.caOwen RobertsOct 1, 2020After 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.
After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), 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.
