◂ Event Timeline

Jul 2, 2020TRADEUS

USMCA Enters Into Force, Paves Way For Improved Agricultural Market Access - U.S. Grains & BioProducts Council

The USMCA officially entered into force on July 1, 2020, and the US Grains Council welcomed it as a way to strengthen trade with Mexico and Canada. The council works with corn, sorghum, barley, co-product and ethanol customers in both countries.

WHY IT MATTERS

Formal entry into force secures tariff-free access for US corn, sorghum and barley to Mexico and Canada, supporting steady feed-grain export demand.

AFFECTSCorn▲Sorghum▲Barley▲

SOURCE
grains.orgJul 2, 2020

Price reaction & history

Corn▲bullishSO FAR1d -1.0%5d +0.9%20d -6.0%

After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.

Oct 4, 2018New U.S.-Mexico-Canada Agreement Preserves Market Access, Improves Trade Logistics To Top U.S. Grain Markets - U.S. Grains & BioProducts Council-1.5%
May 30, 2024Market Perspectives - May 30, 2024 - U.S. Grains & BioProducts Council-4.0%
Apr 8, 2026U.S. Corn Secures Continued Access to $5 Billion Mexican Corn Export Market - U.S. Grains & BioProducts Council-1.0%
Mar 16, 2017Market Perspectives March 16, 2017 - U.S. Grains & BioProducts Council-1.1%
Mar 18, 2021Market Perspectives – March 18, 2021 - U.S. Grains & BioProducts Council+10.8%

Sorghum▲bullish

Not enough comparable past events yet for a historical read.

Barley▲bullish

Not enough comparable past events yet for a historical read.

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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Sorghum SORGHUM · GP ▸

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