US feed associations release joint statement on preliminary trade agreement between US and Mexico

After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.

• Oct 23, 2020USTR and USDA Release Report on Agricultural Trade between the United States and China | United States Trade Representative+0.8%
• Sep 2, 2018U.S., Mexico reach agreement on key trade provisions - Agweek | #1 source for agriculture news, farming, markets+0.9%
• Jun 30, 2020IL Corn Celebrates U.S. Mexico Canada Agreement for Trade Entry-into Force+3.3%
• Aug 29, 2018USDA: New US-Mexico trade agreement supports crop biotechnology previously blocked by Mexico+2.7%
• Mar 7, 2017Record Upsurge in U.S. Ethanol Heading to Brazil Dominates January Trade Picture; Distillers Grains Exports Building - Renewable Fuels Association-2.2%

After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% over 20.

• Oct 23, 2020USTR and USDA Release Report on Agricultural Trade between the United States and China | United States Trade Representative-1.4%
• Sep 2, 2018U.S., Mexico reach agreement on key trade provisions - Agweek | #1 source for agriculture news, farming, markets+4.0%
• Oct 4, 2018New U.S.-Mexico-Canada Agreement Preserves Market Access, Improves Trade Logistics To Top U.S. Grain Markets - U.S. Grains & BioProducts Council+1.5%
• Aug 26, 2020China’s demand for feed grains on the rise | Feed Strategy+3.8%
• Oct 30, 2025Agreement between Trump and Xi turns back the clock | AP News+4.7%

Not enough comparable past events yet for a historical read.