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Grupo Consultor de Mercados Agricolas (GCMA) cut its 2020 Mexico corn import forecast from 17.2 million to 16.75 million tonnes. The consultancy cited weaker-than-expected animal feed demand, which makes up nearly half of Mexico's yellow corn use, as Covid-19 slowed beef and pork production.
Imports for January to September were still up 3.6% year on year, with 93% of 2020 imports expected from the US.
Lower import demand from Mexico, the largest buyer of US corn, reduces export outflows and is mildly bearish for US corn prices. The effect is modest because year-to-date imports remain higher than last year.
fastmarkets.comJuan Pedro Tomas04.11.2020Nach 683 vergangenen Ereignisse (bearisch, Handel) bewegte sich Mais im Median über 5 Handelstage um -0,2 % (47% höher; mittlere Hälfte -1,7 % bis +1,6 %) und über 20 Handelstage um +0,3 %.
Veränderungen des Benchmarks jedes Rohstoffs seit dem letzten Schluss vor dem Ereignis. Historische Werte bündeln frühere Ereignisse derselben Art; sie beschreiben, was passiert ist, nicht was passieren wird. Keine Anlageberatung.
