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The USTR notified Congress in May 2017 of the administration's intent to renegotiate NAFTA. Agricultural groups are split, with dairy and potato producers seeking changes while corn, rice and pork groups warn against risking existing export markets.
Renegotiation risk to Mexico, a major buyer of US corn, pork and dairy, could weigh on export demand if talks disrupt trade, adding uncertainty to feed grain values.
everycrsreport.comJun 22, 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 18 past neutral trade events, Milk (Class III) moved a median -0.4% over 5 sessions (39% higher; middle half -2.9% to +1.1%), and -3.0% over 20.
Not enough comparable past events yet for a historical read.
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.
