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Mexico imported 14.62 million metric tons of corn in the first ten months of 2021, up 7.2% year on year, and is projected to reach 17.86 million tons for the full year. White corn imports rose about 50% as drought cut domestic white corn output, while first-half domestic production fell 5.2%.
Higher Mexican import demand, especially for US yellow corn, supports US corn export prices. Uncertainty over the phase-out of GMO corn imports adds risk to that demand.
tridge.comJuan CarlosDec 10, 2021After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% 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.
