◂ Event Timeline

May 25, 2022POLICYNorth America

Smith: Advocating for American Farmers and Ranchers Requires Full Enforcement of USMCA

Rep. Adrian Smith, Republican leader of the House Ways and Means Trade Subcommittee, urged full enforcement of the USMCA trade agreement.

He cited Canadian dairy policy and Mexican corn and energy policies as areas of concern.

WHY IT MATTERS

Enforcement actions on Canadian dairy and Mexican corn policies could change future trade flows for US exporters. The remarks are political commentary with no immediate change in trade terms, so the price effect is minimal.

AFFECTSCorn

SOURCE
waysandmeans.house.govadminMay 25, 2022

Price reaction & history

Cornno directional readSO FAR1d +0.0%5d -2.8%20d -3.7%

After 1,623 past policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.4% to +1.5%), and +0.4% over 20.

Apr 16, 2024Chairman Smith Opening Statement - Hearing with U.S. Trade Representative Tai - Ways and Means-0.3%
Jul 10, 2026USMCA Review Raises Concerns for Mexico's Farmers+2.1%
Jan 8, 2025American Relief Act of 2025 Provides Ad Hoc Relief to Farmers While Extending Farm Bill | Center for Agricultural Law and Taxation+2.8%
Jun 23, 2023USDA Provides Significant Support for American Producers, School Meal Providers and Emergency Food Operations | USDA-8.6%
Jan 17, 2018Leading Latin American college endorses use of GMO crops - Alliance for Science+0.6%

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.

Corn CORN · GP ▸

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