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The U.S. Grains Council reports that a Mexican feedlot trade team, after touring Kansas operations, returned home and increased its purchases of yellow corn and DDGS. Northeast Mexico feedlots import almost 60 percent of their corn and DDGS needs, about 30,000 metric tons shipped monthly from Kansas.
Steady Mexican feed-grain purchases add to U.S. corn and DDGS export demand. The effect on prices is modest.
biomassmagazine.comNov 13, 2018
grains.orgNov 5, 2018Not enough comparable past events yet for a historical read.
After 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.
