# Mexico inks record U.S. corn purchase after Mexican farmers warn of crop shortfall

> Mexico booked a record purchase of 1.433 million tonnes of U.S. corn. The buying followed warnings from Mexico's most productive farmers that domestic supplies may fall short of demand after government spending cuts.

- Date: 2020-10-29 · published 2020-10-29T12:00:00.000Z
- Category: trade · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/50624-mexico-inks-record-u-s-corn-purchase-after-mexican-farmers-warn-of-crop
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A large, record purchase from the largest U.S. corn export market supports U.S. corn export demand and prices. Tighter Mexican domestic supply should keep import needs high.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-07-14 | [China Makes Record U.S. Corn Purchase \| Farm Policy News \| Illinois](https://feedsoft.ai/events/51985-china-makes-record-u-s-corn-purchase-farm-policy-news-illinois.md) | -1.1% | -3.2% |
| CORN | 2020-07-14 | [China books record U.S. corn purchase, also buys soybeans \| Reuters](https://feedsoft.ai/events/51978-china-books-record-u-s-corn-purchase-also-buys-soybeans-reuters.md) | -1.1% | -3.2% |
| CORN | 2022-11-29 | [Mexico open to deal with U.S. on GMO corn as farmers demand clarity over ban \| Reuters](https://feedsoft.ai/events/38650-mexico-open-to-deal-with-u-s-on-gmo-corn-as-farmers-demand-clarity-over-ban.md) | -3.8% | +0.6% |
| CORN | 2026-04-06 | [Mexico Imports Record Amount of Corn From US - Mexico Solidarity Media](https://feedsoft.ai/events/19673-mexico-imports-record-amount-of-corn-from-us-mexico-solidarity-media.md) | -1.8% | +2.8% |
| CORN | 2020-07-10 | [China books second-biggest U.S. corn purchase on record, also buys wheat](https://feedsoft.ai/events/51981-china-books-second-biggest-u-s-corn-purchase-on-record-also-buys-wheat.md) | -4.9% | -7.5% |

## Sources

- reuters.com: https://www.reuters.com/article/us-usa-trade-mexico-corn/mexico-inks-record-u-s-corn-purchase-after-mexican-farmers-warn-of-crop-shortfall-idUSKBN27E3AY/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.