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Lawmakers are seeking a delay in implementing the USMCA trade pact because COVID-19 may disrupt companies' ability to meet the timeline. The concern is that exchange letters may not be signed by April 1, which would push back the planned June implementation.
A delayed USMCA would prolong uncertainty over zero tariffs on US corn, sorghum and ethanol exports to Mexico and Canada. Any slip in the timeline removes a near-term support for feed grain export demand.
feedstuffs.comJacqui FatkaMar 31, 2020After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% over 20.
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.
