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Mexican corn imports from January to November 2021 reached $4.731 billion, already a record for the full year, according to Bank of Mexico data. Volumes fell 10.5 percent year on year to 14.4 million tons as higher prices lifted values.
Record import values driven by higher prices show strong Mexican demand for US corn, though falling volumes point to tighter buying, which is mildly supportive for US corn prices.
opportimes.comRedacción OpportimesJan 10, 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.
