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Mexican buyers booked a 64.5-million-bushel US corn sale, split between the current marketing year and 2024-25, the third-largest corn sale to Mexico on record. As of September 14, Mexico had booked over 6.1 million metric tons of US corn, above last year's pace.
Strong forward buying from Mexico supports US corn export demand and prices despite the trade dispute, a bullish signal for corn.
agweb.comSep 26, 2023After 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.
