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A Reuters piece on Mexican President Lopez Obrador's farm policies notes that CBOT corn and wheat contracts are both down about 21% from a year earlier as global supply concerns have eased. The excerpt is brief and mostly describes price levels.
Lower CBOT corn and wheat prices reflect easing supply concerns, which keeps imported feed grain costs down for Mexican buyers. The excerpt does not describe a new policy shock.
reuters.comCassandra GarrisonJun 27, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
