Sixteen major farm groups wrote to President-elect Trump and Vice President-elect Pence stressing that trade is vital to U.S. agriculture and urging enforcement of existing agreements and new market access. USDA data show FY2016 ag exports of $129.7 billion against imports of $113.1 billion, with China, Canada and Mexico as top markets.
Heavy export dependence for soybeans and grains means any tension with major buyers like China could pressure soybean and feed grain prices.
After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% over 20.
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.