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A WTO dispute panel report circulated April 18, 2019 found China failed to administer its tariff rate quotas for corn, rice and wheat in a way that ensures each quota can be filled. The panel recommended China bring its measures into conformity.
The ruling supports fuller access for U.S. corn, rice and wheat into China's quotas, but its effect on trade flows is slow and uncertain while the broader trade dispute continues.
farmdocdaily.illinois.eduHongxia JiaoMay 8, 2019After 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.
After 137 past neutral policy events, WHEAT moved a median -0.4% over 5 sessions (43% higher; middle half -1.9% to +1.2%), and +0.3% over 20.
After 100 past neutral policy events, RICE moved a median +0.0% over 5 sessions (51% higher; middle half -2.6% to +2.3%), and +0.7% 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.
