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Mexico's corn imports rose 16.9% year on year to 18.2 million tons in January-November 2023, a record. Imports were 88.3% U.S.-sourced, and domestic output was projected at 26.7 million tons against consumption of 46.3 million.
Analysts expect 2023 full-year imports near 19.5 million tons.
Structural Mexican import dependence on corn, driven by flat domestic output and rising livestock demand, supports continued U.S. corn export demand.
mexicobusiness.newsJan 10, 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.
Not enough comparable past events yet for a historical read.
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.
