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President Trump vowed rapid and high tariffs on Mexico unless illegal immigration into the U.S. ends. Mexican peso, U.S. stock futures and Asian equities fell on the news, and the dollar rose more than 2.5% against the peso.
The threat of broad tariffs on Mexico raises risk to U.S. agricultural exports to a major buyer, pressuring corn and soybean meal demand expectations. Currency swings also make Mexican purchases of U.S. feed more expensive.
reuters.comSteve HollandMay 31, 2019After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% 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.
