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A Congressional Research Service report examines whether US farm support complies with WTO amber box spending limits of $19.1 billion annually. CRS analysis finds the US probably did not exceed the limit in 2018 but could potentially exceed it in 2019 due to large trade aid payments.
A possible WTO breach could force program changes or trade retaliation risk, which affects export-dependent grain and oilseed prices over the longer run.
everycrsreport.comOct 4, 2019After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.
After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% 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.
