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Mexico will impose a temporary 50% export tax on white corn until June 30, 2023, citing supply and price stability. Mexico produced about 23 million tonnes of white corn in 2022 and mostly uses it for local consumption.
The tax mainly affects white corn, a food crop with little export flow, so the direct effect on feed corn and U.S. yellow corn prices is limited.
world-grain.comJohn ReidyJan 17, 2023After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% 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.
