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Mexico is weighing retaliation in trade talks with the US, using its position as the largest buyer of American corn. Much of the corn Mexico consumes comes from the United States, and Mexico has taken Trump's threats to overhaul NAFTA seriously.
Any move by Mexico to shift purchases away from US corn would weaken US export demand and pressure corn prices lower.
nytimes.comApr 2, 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.
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.
