
China approved imports of 16 GMO crop varieties, including two new permits for Dow's Enlist corn and Monsanto's Vistive Gold soybeans, with 14 renewals. The approvals were made under a 100-day trade plan agreed by Presidents Trump and Xi.
Expanded approval of U.S. GMO corn and soybean varieties eases a constraint on U.S. feed grain and soymeal exports to China.
After 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.