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USDA FAS projects Mexican corn imports will fall 2% to 23 million metric tons in 2024/25 as domestic production rises 6% to 25 million tons. Mexico was the largest US corn buyer in 2023 at $5.39 billion.
Lower Mexican import volume trims a key US export outlet, which is bearish for US corn prices and export basis.
americanagnetwork.comDigital TeamSep 26, 2024After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% 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.
