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Politico reports that Trump promised bigger agricultural purchases by Mexico, though Mexican officials did not confirm any specific deal. Officials said farm trade would grow over time once tariffs are removed under the new North American trade agreement.
Unconfirmed purchase promises add uncertainty to Mexico's demand for U.S. grains and meals; firm commitments would support prices, while lack of detail limits near-term impact.
politico.comRyan McCrimmonJun 10, 2019After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% 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.
