Loading…
USDA data show Mexico remains the top buyer of U.S. corn, at 8.59 million metric tons, up 26.3% year-over-year, and the top buyer of U.S. DDGS, at nearly 978,000 tons, in the first six months of the 2018/2019 marketing year. Canada is the second-largest buyer of U.S. ethanol and has bought 1.18 million tons of U.S. corn, up nearly 77%.
Strong North American export demand supports corn and DDGS prices, and it underlines the value of duty-free NAFTA access while USMCA is pending.
grains.orgrwinkertApr 25, 2019After 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.
Not enough comparable past events yet for a historical read.
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.
