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Feed Strategy reports that the US produced a record 387 million tonnes of corn in 2016 and that Mexico is the largest importer of US yellow corn. Mexico also ranks second for US DDGS and takes large volumes of US barley and sorghum.
Industry groups are concerned about trade fallout under the Trump administration.
Mexico's large share of US corn, DDGS, barley and sorghum demand makes it a key outlet for a record crop. Any trade disruption could weigh on prices for these feed grains.
feedstrategy.comBenjamín RuizFeb 11, 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.
