USTR pushing Mexico on biotech; still formulating China plan

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 19, 2023Taylor: US tells Mexico biotech corn restrictions won’t stand | Agri-Pulse Communications, Inc.-1.6%
• Nov 24, 2021Legislators call for Biden to act on Mexico's noncompliance with biotech provisions | Agri-Pulse Communications, Inc.-3.8%
• Apr 12, 2023USTR faces option of dispute with Mexico over GM white corn | Agri-Pulse Communications, Inc.+0.7%
• May 10, 2023US strategizes while Mexico erects defenses on potential GM corn case | Agri-Pulse Communications, Inc.-7.0%
• Oct 25, 2017Mexican grain buyers haven’t given up on the US … yet | 2017-10-25 | Agri-Pulse | Agri-Pulse Communications, Inc.-1.4%

After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.

• Nov 24, 2021Legislators call for Biden to act on Mexico's noncompliance with biotech provisions | Agri-Pulse Communications, Inc.-3.5%
• Aug 6, 2019China revokes tariff exemption on soybeans | 2019-08-06 | Agri-Pulse | Agri-Pulse Communications, Inc.+1.3%
• Apr 17, 2024USTR defends administration's response to China's miss on Phase One pledge | Agri-Pulse Communications, Inc.+2.0%
• Oct 25, 2017Mexican grain buyers haven’t given up on the US … yet | 2017-10-25 | Agri-Pulse | Agri-Pulse Communications, Inc.-0.2%
• Jul 1, 2020Cheers for USMCA, but ag concerns persist | 2020-06-30 | Agri-Pulse Communications, Inc.+1.2%