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WLJ reports on a Mexican agribusiness, Grupo Chapa Quiroga, that moves US corn, sorghum, cotton and DDGS across the Rio Grande into Mexico, about 60,000 metric tonnes last year. The firm says tariff-free trade under NAFTA lets it buy US grain and sell it in Mexico.
Tariff-free cross-border grain flows support steady US Gulf and border demand for corn and sorghum, so NAFTA changes are a risk to these export channels.
wlj.netChris Clayton, DTN ag policy editorAug 14, 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.
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.
