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USDA Economic Research Service reports that world agricultural trade has roughly doubled in real terms since 1995 but remains constrained by tariffs averaging about 15 percent and by sanitary and domestic support policies. WTO talks since 2001 have not produced a new agreement cutting farm tariffs.
Developing countries now hold a larger share of trade as exporters and importers.
This is background analysis on long-run trade structure rather than a new shock, so its direct price impact is limited. It does highlight persistent trade barriers that can fragment feed grain and protein flows.
ers.usda.govFeb 5, 2018After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% over 20.
After 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 1,283 past report events, Soybean Meal moved a median -0.1% over 5 sessions (47% higher; middle half -2.0% to +1.7%), 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.
