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President Trump announced the preliminary Mexico agreement on August 27, 2018, saying he would terminate NAFTA and rename it the US-Mexico Trade Agreement. He said Mexico had promised to immediately buy more US farm products, and talks with Canada would begin that week.
A pledge from Mexico to increase farm purchases would support US corn, DDGS and soybean demand, though details of the commitment remain unclear.
dtnpf.comChris ClaytonAug 27, 2018After 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.
Not enough comparable past events yet for a historical read.
After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% 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.
