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Mexican feed mills and elevators are increasingly importing corn from South America, arriving by sea rather than by rail from the US. Grupo Gramosa in Queretaro still receives about five or six trains a month of mostly US yellow corn, with about 60,000 tonnes per train.
Executives also expressed doubts about the US push to renegotiate NAFTA.
Growing use of South American corn in Mexico would reduce demand for US corn over time, which is bearish for US export prices. The shift is still small compared with rail volumes from the US.
agweb.comClinton Griffiths17 nov 2020Tras 683 eventos bajista de comercio pasados, Maíz se movió una mediana de -0,2 % en 5 sesiones (47% al alza; mitad central entre -1,7 % y +1,6 %), y +0,3 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
