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The US Grains Council said Mexico, the top buyer of US corn, is considering duty-free access for corn from Brazil and Argentina. Council officials said South American corn is already competitively priced and that tariff removal would likely reduce demand for US grain.
Mexican officials are reportedly upset over Trump administration trade and immigration policies.
If Mexico shifts feed-grain purchases to Brazil and Argentina, US corn export demand would fall, pressuring US corn prices, while South American corn gains share.
brownfieldagnews.comMark Dorenkamp27 mar 2017Tras 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.
