
Iowa State economist Dermot Hayes said U.S. withdrawal from the TPP and NAFTA talks could give Canadian agriculture preferential access to Japan, Vietnam and Mexico. The TPP's remaining 11 members reached a deal and plan to sign in March.
Trade-policy shifts that favor Canadian exporters could shift some demand away from U.S. grain and oilseed exports. The effect on prices is speculative and longer-term.
Not enough comparable past events yet for a historical read.
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.
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.