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USDA data show October 2017 U.S. agricultural exports rose to $13.2 billion, and calendar-year-to-date exports are up 4 percent, with soybean exports up 2 percent and corn exports down 5 percent. Farm-state senators are weighing in on the NAFTA renegotiation.
Soybean export strength supports soy prices, while falling corn exports and NAFTA uncertainty for Mexico, the top corn and wheat destination, add downside risk to grain demand.
farmpolicynews.illinois.eduKeith GoodDec 11, 2017After 696 past bullish trade events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 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 206 past neutral trade events, WHEAT moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.6%), and +0.5% 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.
