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US corn exports to Mexico reached a record $5.2 billion, or 915 million bushels, in the first 11 months of marketing year 2024/25. USDA raised its forecast for Mexico's 2025/26 corn imports to 1.02 billion bushels, and nearly a third of that is already forward contracted.
Strong, forward-contracted Mexican demand supports US corn export basis and prices. Mexico's feed demand is the main driver of these purchases.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% 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.