Loading…
Progressive.org reports that Mexico's incoming president, López Obrador, has pledged to end corn imports within five years, a goal from a campesino plan. Mexico imported 16.5 million metric tons of corn in 2017, more than any other country.
Mexico is the world's largest corn importer, so a stated plan to phase out imports is a significant long-term bearish risk for U.S. corn export demand, though implementation is uncertain.
progressive.orgSimon SchatzbergOct 18, 2018After 310 past bearish policy events, Corn moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% 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.
