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The US will ask the WTO next week to investigate Chinese agricultural trade policies that Washington says unfairly restrict American rice, wheat and corn exports. The request follows WTO judges beginning to examine a separate US complaint about Chinese support for its grain farmers two months earlier.
If the complaint succeeds, US grain exports to China could gain access, but the case is slow and uncertain. Until then, restricted import quotas keep US grain demand from China limited, a mild negative for US grain prices.
agcanada.comAGCanadaAug 21, 2017
mlex.comJennifer FreedmanAug 22, 2017After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% over 20.
After 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.
After 141 past bearish trade events, Rough Rice moved a median +0.6% over 5 sessions (57% higher; middle half -2.3% to +2.4%), and -0.6% 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.
