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The National Corn Growers Association, American Soybean Association, National Association of Wheat Growers and National Sorghum Producers have endorsed the USMCA trade agreement. They are urging Congress to ratify it and asking the administration to keep NAFTA in place until then.
Mexico and Canada take 25% of US agricultural exports.
Preserving tariff-free access to Mexico and Canada supports export demand for corn and soybeans, which supports prices.
morningagclips.comBrittanyMar 3, 2019After 318 past bullish policy events, CORN moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% over 20.
After 356 past bullish policy events, SOY moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), 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.
