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Mexican agricultural leaders are calling for 'mirror measures' that would restrict US farm imports in politically sensitive products. The push follows Mexico's pledge to become self-sufficient in key farm products where US imports have grown sharply.
Retaliatory tariffs on US farm goods would cut US export demand for grains and oilseeds, which would weigh on prices.
reuters.comSharay AnguloMar 6, 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.
After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% 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.
