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Mexico is planning to diversify its agricultural import sources in response to threats from the Trump administration during NAFTA renegotiations. The country is targeting U.S. corn imports, worth about $2.6 billion annually, and is exploring substitute supplies from Brazil and Argentina.
If Mexico shifts corn purchases away from the U.S., it would reduce U.S. export demand and could pressure U.S. corn prices, while supporting South American corn exports. The effect depends on how far the diversification actually proceeds.
reuters.comDave GrahamDec 15, 2017After 87 past bearish geopolitics events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.5% to +2.1%), and +0.3% over 20.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
