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The Nebraska Farm Bureau notes the USMCA trade agreement takes effect July 1, maintaining market access for corn, soybeans, beef and pork to Mexico and Canada. It also reminds producers that the June 30 ARC/PLC enrollment deadline is approaching.
Securing USMCA market access for corn, soybeans and meats supports US export demand from Mexico and Canada, a key outlet for feed grains and livestock products.
nefb.orgJun 26, 2020After 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.
After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 85 past bullish trade events, Lean Hogs moved a median +0.8% over 5 sessions (54% higher; middle half -1.8% to +4.5%), and +4.0% 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.
