Loading…
China approved two new GMO varieties for import, Dow AgroSciences' Enlist corn and Monsanto's Vistive Gold soybean, and renewed 14 others. The approvals follow a US-China trade deal pledge to speed biotech reviews.
Faster GMO approvals reduce a barrier to U.S. corn and soybean exports to China, supporting future feed grain and meal demand.
farmtario.comDominique Patton, Hallie GuJun 14, 2017After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% over 20.
After 356 past bullish policy events, Soybeans moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% over 20.
After 172 past bullish policy events, Soybean Meal moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +1.7%), and -0.8% 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.
