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China now applies a 26% tariff on in-quota US corn imports and 90% on out-of-quota imports, up from 1% and 65%. The US exported $9.1 billion in corn in 2017, with Mexico and Japan as major customers.
The much higher Chinese tariffs effectively close China to US corn, pushing exports toward other origins and weighing on US corn export demand and prices.
michiganfarmnews.comMegan Nelson, AFBF Economic Analyst, Farm News MediaSep 5, 2018After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
Not enough comparable past events yet for a historical read.
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.
