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Mexican buyers booked 1.433 million tonnes of U.S. corn, the largest volume since December 2019, according to USDA. About 891,540 tonnes is for delivery in the 2020/21 marketing year ending August 31, with the rest shipping in 2021/22.
Strong import demand from Mexico, a major U.S. corn buyer, supports U.S. corn export prices and tightens near-term export availability. Mexican producers' warnings about rising import reliance suggest demand may stay firm.
m.fotoarslan.comNov 30, 2020
feedandgrain.comDec 1, 2020Not enough comparable past events yet for a historical read.
After 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.
