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Farm Policy News reports rising farmer anxiety over Trump administration trade policy, including NAFTA renegotiation, a proposed border tax adjustment, and withdrawal from the TPP. Articles highlighted risks to California specialty crops, livestock, and row crops in Nebraska and Illinois, with California earning about $21 billion from exports last year.
Uncertainty over NAFTA and border tax proposals threatens US corn, soymeal and livestock export flows to Mexico and Asia, a bearish risk for US feed ingredient prices if trade barriers materialize.
farmpolicynews.illinois.eduKeith GoodFeb 7, 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 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% 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.
