Loading…
Mexico's Ministry of Agriculture forecasts 2023 domestic corn production rising by about 2 million tonnes to 28.5 million. White corn output is projected at 24.9 million tonnes and yellow corn at 3.61 million.
The increase is partly attributed to a free fertilizer program.
Higher Mexican domestic output could reduce its need for imported U.S. corn, particularly yellow corn for feed, which is mildly bearish for U.S. corn exports.
feedandgrain.comLisa CleaverJul 6, 2023After 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.
