
Juan Carlos Anaya of GCMA said Mexico's agricultural sector contracted 0.4% in the third quarter, with an 11% drop in harvests of key grains. He blamed reduced bank financing and the end of insurance programs, and noted Sinaloa's corn area fell from 500,000 to 330,000 hectares.
Lower Mexican grain and oilseed output increases import dependence, supporting demand for US corn, sorghum and soybeans and firming feed prices.
After 1,040 past bullish report events, CORN moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
Not enough comparable past events yet for a historical read.
After 747 past bullish report events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% 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.