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A USDA Economic Research Service report on the growing corn economies of Mexico and the United States finds Mexican corn yields are improving, while Mexico remains the top buyer of U.S. corn. Mexico takes about 25% of U.S. corn exports, which equal roughly 4% of total U.S. production.
Steady Mexican demand for yellow feed corn supports U.S. corn export flows, though the report describes a structural trend rather than a new shock to prices.
agweek.comJul 29, 2019After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
