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The White House said President Trump will seek a tax on Mexican imports to fund the border wall, a day after Mexico's president cancelled a Washington visit. A White House spokesman said a 20 percent tax could raise about $10 billion a year, though Chief of Staff Reince Priebus said it was only one option.
A proposed tariff on Mexican goods threatens the US-Mexico trade flows that carry substantial US corn, soymeal and pork exports, a major downside risk for US feed demand.
bbc.comJan 26, 2017After 310 past bearish policy events, Corn moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% over 20.
After 223 past bearish policy events, Soybean Meal moved a median -0.3% over 5 sessions (45% higher; middle half -2.2% to +1.2%), and -0.6% over 20.
After 34 past bearish policy events, Lean Hogs moved a median -0.3% over 5 sessions (41% higher; middle half -1.6% to +1.3%), and -1.8% 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.
