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A joint U.S. Grains Council and National Corn Growers Association mission to Mexico found customers planning to diversify grain import sources during NAFTA renegotiation. Mexico remains the largest U.S. customer for corn, DDGS and malt, and the second largest for sorghum.
Diversification plans by Mexican buyers threaten a major outlet for U.S. corn, sorghum and DDGS, which could weigh on U.S. export demand. Growing Mexican protein and feed consumption still supports demand overall.
grains.orgmultilingualDec 7, 2017After 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.
