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Midwest farmers traveled to Capitol Hill to press Congress to end the US trade disputes, citing retaliatory tariffs from Mexico, Canada, the EU and China. Hog and corn prices have dropped roughly 15% since spring, and the administration signaled no retreat.
Retaliatory tariffs cutting export access for US corn and pork pressure domestic prices, with harvest approaching and no resolution in sight.
nbcnews.comVaughn Hillyard, Maura BarrettJul 19, 2018After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
After 123 past bearish trade events, Lean Hogs moved a median -0.4% over 5 sessions (43% higher; middle half -2.9% to +2.0%), and -0.2% 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.
