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Experts warn that Mexico's guaranteed price program for corn, beans, wheat, rice and milk could add inflation pressure and distort competition if poorly executed. A former competition regulator says the corn purchase price of 5,600 pesos per tonne is well above the 4,000-peso market price, risking losses and fraud.
If the state pays well above market and limits imports to support the program, Mexican feed and food grain demand could shift, affecting import flows for US corn and wheat.
mexiconewsdaily.comMND StaffJan 29, 2019After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% over 20.
After 137 past neutral policy events, Wheat (SRW) moved a median -0.4% over 5 sessions (43% higher; middle half -1.9% to +1.2%), and +0.3% 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.
