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DDGS producers in Illinois are looking to accelerate shipments to Mexico before trade relations with the U.S. deteriorate further. Alternative markets such as Nicaragua are being considered if Mexico becomes unviable.
More than 130 food producers and associations recently wrote to the president defending NAFTA.
Front-loaded Mexican demand could temporarily support U.S. DDGS exports, but the risk of tariffs or NAFTA renegotiation threatens a major outlet for DDGS and corn. Prices may face downside if Mexican buying slows.
biofuelsdigest.comMeghan SappFeb 2, 2017Not enough comparable past events yet for a historical read.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
