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Brazil overtook the US as the top corn exporter in 2025 after a record harvest above 125 million tons. Mexico imports more than 17 million tons of yellow corn yearly, mostly GM from the US and Brazil.
Mexican farmers face selling prices below production costs.
Brazil's export dominance and record crop add competitive pressure on US corn exports to Mexico, weighing on US corn prices.
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.