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An interview with Juan Carlos Anaya of GCMA reviews Mexico's agricultural performance under the Peña Nieto administration, noting a trade surplus since 2015 and steady growth since NAFTA. It notes Mexico was the world's top importer of yellow corn in 2018 and is not self-sufficient in grains and oilseeds.
The discussion turns to the opportunities created by López Obrador's self-sufficiency goal.
Mexico's large and growing demand for imported yellow corn, used mainly for livestock feed, supports U.S. corn export flows. A shift toward self-sufficiency would be the main risk to that demand, so the link to prices is indirect.
mexicobusiness.newsFeb 7, 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.
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.
