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USDA's Foreign Agricultural Service forecasts Mexico's corn imports will rise 5% to 18 million tonnes in marketing year 2023-24. The increase is driven by demand from the starch and animal feed sectors.
Mexico's 2023-24 corn production is forecast slightly higher at 26.9 million tonnes.
Higher Mexican import demand supports US corn export sales and firms the outlook for corn, particularly for feed use. Rising domestic output limits the size of the import gain.
world-grain.comJohn ReidyJun 23, 2023After 1,040 past bullish report events, CORN moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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.
