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An opinion piece argues NAFTA has failed family farmers in both the US and Mexico and calls for a better trade agreement paired with a better farm bill. It notes the Trump administration has not yet analyzed what NAFTA withdrawal would mean for agriculture.
Uncertainty over possible NAFTA withdrawal matters for US corn, soybean and livestock exports to Mexico, though the piece itself is opinion rather than a new policy action.
thehill.comDec 5, 2017After 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.
After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), 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.
