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Agricultural groups submitted comments to USTR Robert Lighthizer on NAFTA modernization priorities, stressing the need to keep existing market access. Total U.S. agricultural exports to Canada and Mexico have grown from $8.9 billion in 1993 to $38 billion in 2016.
Industry insistence on preserving access underscores the export risk to corn, soymeal and livestock products if NAFTA terms change, adding uncertainty to feed demand.
feedstuffs.comJacqui FatkaJun 13, 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 224 past neutral trade events, SBM moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), 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.
