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An Agweek commentary says NAFTA renegotiation could significantly affect agricultural trade in canola, grains and livestock. Wheat markets were described as relatively quiet, with winter wheat conditions falling to 51 percent good/excellent.
Uncertainty over NAFTA poses risk to North American feed grain and oilseed flows, but the impact is not yet defined.
agweek.comAlex Norton, Beeson Inc.May 21, 2017Not enough comparable past events yet for a historical read.
After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% 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.
