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Mexican farm leaders rejected the US-Mexico NAFTA replacement deal announced in late August, calling it a threat to rural livelihoods. They urged incoming president Andrés Manuel López Obrador to halt its signing before he takes office on December 1.
Political opposition raises the risk that the deal is delayed or altered, which keeps uncertainty over US feed grain and meal exports to Mexico elevated.
bilaterals.orgNicolas RouxSep 13, 2018After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% over 20.
After 206 past neutral policy events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.3% to +1.8%), and -0.7% 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.
