Mexico vows retaliation as Trump trade war erupts

Not enough comparable past events yet for a historical read.

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.

• Jan 25, 2023Trade Retaliation Threatened in USMCA Dispute with Mexico | Sandler, Travis & Rosenberg, P.A.-0.2%
• May 31, 2019Trump vows rapid, high tariffs on Mexico unless illegal immigration ends-2.5%
• Apr 4, 2017US grain farmers go to Mexico to assure buyers vexed by trade relation-0.2%
• Nov 7, 2017Don’t Bet the Farm or the (GOP) House on a Trade War with Mexico-1.0%
• Jul 27, 2023Mexico: An Important Trade Destination for U.S. Corn-13.2%

After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% over 20.

• Nov 7, 2017Don’t Bet the Farm or the (GOP) House on a Trade War with Mexico-1.5%
• May 13, 2019Chinas Trade Retaliation Has USDCNH Bulls Eyeing DecadePlus Highs Near 700+3.6%
• May 31, 2018Trump administration will put steel and aluminum tariffs on Canada, Mexico and the EU-3.2%
• May 31, 2018U.S. hits E.U., Canada and Mexico with steel, aluminum tariffs, sparking trade war-3.2%
• Jun 6, 2019Mexican peso tanks on double hit from US trade talks and ratings | Trade War | Al Jazeera+0.6%