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Nebraska's agriculture leaders wrote to the administration urging it to prevent lasting damage to state farm exports after reports that Mexico was weighing a corn boycott. Nebraska exported 17% of its corn to Mexico in 2014, and Iowa, the top corn state, sent about 8% of its corn there last year.
Iowa Corn Growers Association leaders are weighing how to respond while still backing the president.
Mexico is a major buyer of US corn, so a boycott threat raises the risk of lower export demand and weaker US corn basis and futures if it materializes.
latimes.comKate Linthicum Staff Writer March 29, 2017 4:34 PM PTMar 29, 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.
