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Wheat, corn, rice, dairy, pork, beef and sorghum groups broadly agree NAFTA could be updated but should not lose tariff-free access. The USTR received more than 12,000 public comments by the end of the comment period on June 12, 2017.
Broad industry consensus to protect existing NAFTA export access reduces the likelihood of sharp export losses, which limits downside risk to feed grain demand from Mexico.
agri-pulse.comBill TomsonJun 14, 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.
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.
