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Mexico is pressing to open Canadian and U.S. agricultural export markets during NAFTA talks. Mexico currently buys most of its roughly 13 million tonnes of annual yellow corn imports from the United States, and officials said that is unlikely to change quickly.
Mexico is the largest buyer of U.S. yellow corn, so continued dependence on U.S. supply supports export demand, while any shift toward Brazil or Argentina would be bearish for U.S. corn.
reuters.comSep 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.
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.
