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Mexican corn farmers say cheap U.S. grain imports under NAFTA have squeezed their margins, forcing one farmer to cut his operation from 150 acres to 30. Uncertainty over U.S.-Mexico trade talks has prompted a legislative response in Mexico's Congress.
Mexico is a major buyer of U.S. corn, so a NAFTA breakdown could reduce export demand and pressure corn prices, though this feature mainly describes longer-term conditions.
cronkitenews.azpbs.orgWalter Cronkite School of Journalism, Mass CommunicationOct 12, 2017After 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.
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.
