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The dollar rallied sharply after Trump pledged tariffs on all imports from Canada and Mexico and extra tariffs on China, with the dollar up 1.6% against the peso to 20.60. Stocks fell after gains from the Bessent Treasury nomination.
Tariffs on Canada, Mexico and China threaten US farm export demand, and a stronger dollar makes US grain less competitive abroad.
cnbc.comReutersNov 26, 2024After 1,802 past trade events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.7%), and +0.7% over 20.
After 1,982 past trade events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +1.6%), and +0.4% over 20.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
