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US Grains Council leaders visited Mexican buyers in March to reassure them about supply reliability. Mexican buyers said they were confused and upset by the state of bilateral trade and are considering sourcing corn from Brazil and Argentina.
If Mexican buyers diversify to South American corn, US export demand weakens at the margin, a modest bearish pressure on corn.
farmprogress.comApr 4, 2017After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% 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.
