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American Farm Bureau economists discussed top risks to farm profitability in 2023 at their convention in Puerto Rico. Topics included China lowering some ag import tariffs, countries banning fertilizer exports, and a dispute with Mexico over its proposed ban on US genetically modified corn.
Fertilizer export bans and a possible Mexican ban on US GM corn could tighten input supplies and reduce US corn export demand. Both are risks to corn prices and feed costs.
farmweeknow.comTAMMIE SLOUP FarmWeekJan 17, 2023After 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.
After 176 past bullish trade events, Urea moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% 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.
