Loading…
US food producers are visiting Mexico to reassure longtime buyers as the NAFTA renegotiation creates uncertainty over trade terms. Some US sales to Mexico have stalled, and buyers are exploring new sources of grains, corn, dairy and meat.
Mexico is the third-largest export market for American farmers.
Buyers shifting sourcing away from the US would reduce export demand for US corn and other feed-related commodities, adding downside price pressure.
foreignpolicy.comJessica HolzerMar 23, 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 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.
