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Canada's government approved the USMCA on March 13, completing ratification by all three countries. The agreement is expected to take effect in summer 2020 and keeps zero tariffs on US coarse grains, co-products and ethanol.
Completed ratification locks in duty-free access for US corn, DDGS and ethanol into Mexico and Canada, supporting export demand for feed grains and co-products. The move reduces trade-policy risk for feed ingredient exporters.
grains.orgMar 19, 2020After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% 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.
