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USDA's FAS forecasts Mexico's 2024-25 corn crop at 25 million tonnes, up 7% from 23.3 million in 2023-24, after severe drought. Imports for 2024-25 are projected at 22 million tonnes, 5% higher than the prior year.
Higher Mexican production slightly reduces import needs, but projected imports still rise, so the net effect on US corn demand is modest.
world-grain.comJohn ReidyMar 22, 2024After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
