U.S. Customs and Border Protection published a notice of intent to distribute Fiscal Year 2020 continued dumping and subsidy offset payments to affected domestic producers. Certifications to claim a distribution are due by July 27, 2020.
The notice covers antidumping and countervailing duty orders.
This is an administrative distribution of existing antidumping and countervailing duties and has no clear effect on feed commodity supply or prices.
After 1,623 past policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.4% to +1.5%), and +0.4% over 20.
After 1,905 past policy events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), and +0.2% over 20.
After 1,019 past policy events, Wheat (SRW) moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.5%), 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.