Loading…
A USDA GAIN report projects Mexico's corn imports rising to 17.7 million tonnes in 2022-23, up 0.2 million from 2021-22. Domestic consumption is forecast at 44.7 million tonnes, while production is forecast slightly lower at 27.6 million tonnes.
Higher Mexican import needs support demand for US and other corn exporters. The increase is modest, so the price effect is small.
world-grain.comArvin DonleyJun 28, 2022After 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.
