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The American Farm Bureau's chief economist outlines efforts to expand U.S. farm exports through NAFTA modernization, renegotiation of KORUS and CPTPP re-entry. Through November 2017, $78 billion in agricultural products had been exported to China, South Korea, Canada, Mexico and CPTPP countries.
Successful market-access gains would support long-run feed grain and meal export demand, though no immediate supply shock results from these talks.
fb.orgJohn Newton, Ph.D.Jan 31, 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.
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.
After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% 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.
