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A Congressional Research Service report summarizes the preliminary US-Mexico NAFTA agreement announced August 27, 2018. Mexico is the third-largest market for US agricultural goods, at $18.6 billion in 2017, and NAFTA has eliminated agricultural tariffs since 1994.
Canada remains in talks for a trilateral deal.
Mexico's role as a top buyer of US corn, DDGS and other feed inputs means the continuity of duty-free access underpins export demand and US feed grain prices.
everycrsreport.comAug 29, 2018After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), 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.
