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Sources say Mexico's proposed retaliatory tariff list excludes U.S. yellow corn. Mexico's livestock sector relies on millions of tonnes of U.S. yellow corn annually, which is hard to replace quickly.
Excluding corn from retaliation protects a major U.S. export outlet to Mexico, supporting U.S. corn demand and prices, though the list could still change.
reuters.comJun 5, 2019After 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.
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.
