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The renegotiated North American trade pact preserves the three-way structure of the original accord, and December corn futures gained as much as 2.9% after the Sunday deal. US corn farmers are reassured about market access in Mexico and Canada.
Preserved access to Mexico, the top US corn buyer, supports export demand and underpins corn prices.
bloomberg.comShruti SinghOct 1, 2018After 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, Soybeans 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.
