Loading…
Mexican legislators have proposed a boycott of US corn in response to Trump administration trade threats, including a possible NAFTA withdrawal. Mexico is negotiating with Argentina and Brazil for duty-free access to replace US supply.
A boycott would remove Mexico's large share of US corn exports, a major bearish risk for corn prices, though the measure is only proposed.
kpbs.orgLorne MatalonApr 14, 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.
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.
