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Mexico is developing gourmet maize for tortillas, which could reverse the flow of cheap US yellow corn imports. The Reuters feature notes that US corn imports have displaced more than a million Mexican farmers since NAFTA took effect in 1994.
Growth in domestic Mexican specialty maize could gradually cut import demand for US yellow corn, but the effect is long-term and small.
reuters.comDavid Alire GarciaApr 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.
