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US farm groups are sending senior representatives to Mexico to reassure buyers after Trump threatened to withdraw from NAFTA and then said he would renegotiate. Mexican importers are reportedly looking at alternative South American supply.
Trade uncertainty over Mexico, the largest buyer of US corn, pressures US export demand expectations and may encourage Mexican buyers to shift purchases to South America.
agri-pulse.comBill TomsonMay 3, 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.
After 49 past bearish trade events, Milk (Class III) moved a median -0.3% over 5 sessions (39% higher; middle half -4.7% to +1.5%), and -0.4% 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.
