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Mexico's deputy foreign trade minister told the WTO that Mexico may remove trade barriers with Brazil and Argentina. A Rio Grande Valley grain exporter, who ships about half a million metric tons a year mostly to Mexico, said losing that market would be damaging, and analysts warned NAFTA-related tariff increases could hurt US agricultural exports to Mexico.
Mexico is a major buyer of US corn, sorghum and cottonseed meal, so any shift toward Brazilian and Argentine supply or higher US tariffs could shift export demand and widen US basis discounts.
krgv.comNov 3, 2026After 681 past bearish trade events, CORN moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% 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.
