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Illinois farmer Ken Beck says U.S. farm finances are poor after four years of losses, and he is watching the Trump administration's NAFTA renegotiation with Canada and Mexico. He notes the U.S. withdrawal from the TPP erased hopes for stronger export demand.
NAFTA is a major outlet for U.S. corn and soybean exports, so any renegotiation that weakens market access could pressure U.S. feed grain prices, while uncertainty about trade terms adds to downside risk for buyers and sellers.
voanews.comKane FarabaughSep 4, 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.
After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% 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.
