
Ohio soybean, corn and wheat grower leaders said at the Ohio Grain Farmer Symposium on December 19 that tight margins persist and that NAFTA renegotiation and the US exit from the Trans-Pacific Partnership are key concerns. Ohio Soybean Association noted 62 percent of the 2016 US soybean crop was exported.
Trade uncertainty with Mexico and Canada and lost Asian access puts export demand for soybeans and corn at risk, which could weigh on prices if deals sour.
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.
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.