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Wheat, corn and soybean futures fell on the Chicago Board of Trade after Donald Trump's election win raised concern about protectionist trade policy. Corn dropped 2.2 percent, soybeans 1 percent and wheat 0.8 percent in midday trading.
Agribusiness shares such as ADM also declined.
Fears of tougher U.S. trade policy threaten export demand for the world's top corn and soybean exporter, weighing on prices. A weaker U.S. dollar could support exports and partly offset the pressure.
farmersweekly.co.nzLocal Democracy ReportingNov 9, 2016After 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, SOY moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 375 past bearish trade events, WHEAT moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% 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.
