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USDA data show US corn exports to Mexico reached a record 24.5 million tonnes in 2023/24, more than 40% of US corn exports, with US market share at 99%. Mexico's 2024/25 corn imports are projected at 24.0 million tonnes, and a possible constitutional GM ban could affect future imports.
Strong Mexican import demand supports US corn prices near term, but a possible GM ban is a medium-term risk to this key outlet.
revistacultivar.comNov 8, 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.
