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A farmprogress summary lists eight points from the USDA Economic Research Service report on US and Mexican corn. It notes US corn sales to Mexico averaged 15.1 million metric tons a year from 2016 to 2018, worth about $2.8 billion, and that USMCA would keep corn trade tariff- and quota-free.
Confirmation that corn trade with Mexico stays tariff-free under USMCA supports steady export demand for US corn, a mild supportive factor for feed corn prices.
farmprogress.comJul 23, 2019After 770 past neutral report 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.
