◂ Event Timeline

Aug 20, 2018TRADEMexico

U.S. drops agriculture demand from NAFTA talks

Mexico's top farm lobby said the United States dropped its demand for restrictions on Mexican agricultural exports from the NAFTA renegotiation. The report was published August 20, 2018.

WHY IT MATTERS

Removing a threatened restriction on Mexican farm exports lowers the risk of disruption to US-Mexico agricultural trade, supporting stable export demand for US feed grains.

AFFECTSCORN◆

SOURCE
reuters.comSharay AnguloAug 20, 2018

Price reaction & history

CORN◆neutralSO FAR1d -0.5%5d -2.8%20d -4.9%

After 480 past neutral trade events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.

Aug 9, 2017NAFTA Talks and Future Plans-3.3%
Dec 5, 2017The real question on NAFTA and agriculture+2.8%
Aug 27, 2018U.S., Mexico reach NAFTA deal, turn up pressure on Canada+0.5%
Jun 22, 2017NAFTA Renegotiation: Issues for U.S. Agriculture - EveryCRSReport.com-2.7%
Apr 19, 2017Agricultural Trade and Trump - Farm Policy News+1.2%

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.

CORN · GP ▸

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