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U.S. Grains Council staff are meeting Mexican corn importers to discuss a recent corn export cargo quality report and promote U.S. corn. The council is also pitching the competitiveness of U.S. DDGS in Mexican livestock rations.
Mexico is the top U.S. DDGS importer, taking 17% of exports, though its purchases fell about 11% in 2019/2020.
Promotion of DDGS to Mexican feed formulators could lift export demand if buyers switch from corn and soymeal given higher grain prices. The effect on prices is likely modest unless purchases follow.
feedandgrain.comJun 17, 2021Not 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.
