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Large Mexican farmers warn that spending cuts could reduce domestic harvests. Agriculture ministry projections show yellow corn imports rising 5% to 16.2 million tonnes in 2019/20, with white corn imports up 20% on a smaller volume.
Expected growth in Mexican corn imports, mainly yellow corn from the U.S., supports U.S. corn export demand. Weaker domestic output would increase reliance on imports.
reuters.comSharay AnguloOct 15, 2020After 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.
