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Seven U.S. farmers are visiting Mexico on a U.S. Grains Council export mission, meeting end-users, trading companies and government officials. The Council reports U.S. feed grain and livestock-product exports to Mexico hit a record 22.7 million metric tons of corn equivalent in marketing year 2015/2016, up 14 percent year over year.
Strong, growing Mexican demand for U.S. corn, sorghum and DDGS supports export pull on U.S. feed grain prices, though this trip is market development rather than a new purchase.
grains.orgmultilingualDec 9, 2016After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
Not enough comparable past events yet for a historical read.
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.
