# Mexico Makes Third-Largest Corn Buy On Record: Here's What It Signals - AgWeb

> 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.

- Date: 2023-09-26 · published 2023-09-26T12:00:00.000Z
- Category: trade · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/34074-mexico-makes-third-largest-corn-buy-on-record-here-s-what-it-signals-agweb
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Strong forward buying from Mexico supports US corn export demand and prices despite the trade dispute, a bullish signal for corn.

## Read by commodity

- CORN: bullish ▲
- DDGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-07-10 | [China books second-biggest U.S. corn purchase on record, also buys wheat](https://feedsoft.ai/events/51981-china-books-second-biggest-u-s-corn-purchase-on-record-also-buys-wheat.md) | -4.9% | -7.5% |
| CORN | 2022-11-22 | [Mexico Signals It May Allow Exceptions to US Corn-Import Ban - Bloomberg](https://feedsoft.ai/events/38653-mexico-signals-it-may-allow-exceptions-to-us-corn-import-ban-bloomberg.md) | -1.5% | -3.0% |
| CORN | 2021-03-17 | [Politics or Real Demand: What’s Driving China’s Big Corn Buys This Week? - AgWeb](https://feedsoft.ai/events/10761-politics-or-real-demand-what-s-driving-china-s-big-corn-buys-this-week-agweb.md) | +11.0% | +14.2% |
| CORN | 2024-11-08 | [U.S. corn exports to Mexico hit record high - Cultivar Magazine](https://feedsoft.ai/events/27401-u-s-corn-exports-to-mexico-hit-record-high-cultivar-magazine.md) | -1.4% | -2.0% |
| CORN | 2024-03-11 | [US corn exports to Mexico expected to hit record high \| Agriculture Dive](https://feedsoft.ai/events/31180-us-corn-exports-to-mexico-expected-to-hit-record-high-agriculture-dive.md) | +1.7% | -4.3% |

## Sources

- agweb.com: https://www.agweb.com/markets/grain-markets/mexico-makes-third-largest-corn-buy-record-heres-what-it-signals

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.