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USTR Katherine Tai hosted Canadian and Mexican leaders for the first USMCA commission meeting, held virtually. They discussed Mexico's trade barriers and Canada's dairy protections, and the U.S. Grains Council said the outlook for grains under the agreement remains stable.
The stable outlook for grains under USMCA means no immediate change to zero tariffs on U.S. coarse grains, so the price impact is minimal.
grains.orgrwinkertMay 20, 2021After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
