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The US Grains Council said Mexico is the most important global market for US grains, buying a record 13.9 million tonnes of US corn in 2016/17 and the top share of DDGS. It noted that Mexico's new president-elect, Andrés Manuel López Obrador, adds uncertainty to the trade relationship.
Mexico's record purchases underline the exposure of US corn and DDGS prices to the NAFTA outcome and to the policy direction of the incoming Mexican government.
seedworld.comSeed World StaffAug 14, 2018After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
Not enough comparable past events yet for a historical read.
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.
