Loading…
A World Trade Organization dispute panel was set up on Friday, September 22, to rule on a U.S. complaint about Chinese tariff-rate import quotas on farm goods including wheat, rice and corn. The panel will examine whether China administers these quotas consistently with its WTO commitments.
A ruling could eventually open or restrict China's grain import access, affecting U.S. export demand for wheat, rice and corn. The panel itself is a procedural step, so near-term price impact should be small.
grainews.caReuters, GFM Network NewsSep 22, 2017
reuters.comSep 22, 2017After 206 past neutral trade events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.6%), and +0.5% over 20.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 70 past neutral trade events, Rough Rice moved a median +0.2% over 5 sessions (51% higher; middle half -1.3% to +1.9%), and +1.3% 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.
