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Mexico imported 12.23 million tonnes of corn in January to September 2020, up 3.6% year on year, according to consultancy GCMA. U.S. yellow corn accounted for 10.79 million tonnes, up 5.3%, and GCMA expects full-year imports of 17.2 million tonnes.
Rising Mexican import volumes support U.S. corn export demand and prices. The increase is modest and mostly in line with existing expectations.
fastmarkets.comJuan Pedro TomasOct 27, 2020After 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.
