Loading…
Ways and Means Chairman Adrian Smith criticized the Biden administration's trade agenda at a hearing with USTR Katherine Tai, including its handling of the USMCA dispute over Mexico's GM corn restrictions. Smith said the administration has failed to enforce existing trade agreements.
The political pressure on enforcing USMCA may push the US to pursue the Mexico corn dispute more aggressively, but the hearing itself does not change near-term corn trade flows.
waysandmeans.house.govadminApr 16, 2024After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% 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.
