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Threats by the Trump administration to exit NAFTA have put the agreement under scrutiny. NAFTA, signed in 1994, largely eliminated tariffs on agricultural goods among the U.S., Canada and Mexico.
U.S. food and agricultural exports to Mexico and Canada grew to over $43 billion in 2016, about four times the 1993 level.
Trade uncertainty over NAFTA puts a large share of U.S. farm exports at risk, which could weigh on demand for U.S. grains and oilseeds if the agreement is changed.
cmegroup.comMay 1, 2018After 1,982 past trade events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +1.6%), and +0.4% 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.
