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Mexico overtook China as the top destination for US food and agricultural exports in fiscal 2024, at about $30 billion. US corn purchases hit a record 24.5 million tonnes, about 40% of US corn exports.
Growers still face uncertainty over a pending US challenge to Mexico's GM corn ban.
Record Mexican demand supports US corn export flows and prices, but the pending dispute and possible restrictions add downside risk.
mexiconewsdaily.comMND StaffNov 14, 2024After 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.
