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Delegations from five major Mexican grain importers toured Iowa feed mills, a cooperative, an ethanol plant and a farm in late October before attending the U.S. Grains Council Export Exchange in Detroit. Buyers said Mexico remains a strong market for US corn, which reached record export levels this marketing year.
Active buyer engagement from Mexico, the largest US corn export market, supports demand expectations for US corn, though this is a trade-relations visit rather than a new purchase.
farm-news.comNov 4, 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.
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.
