Corn market update: shift in Mexican demand, Brazilian competition and rising Ukrainian freight

After 683 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.

• May 31, 2019More ships with Brazilian corn arrive in Mexico | WATTAgNet | WATTPoultry.com-2.5%
• May 31, 2023Update on Mexico's GMO Corn Ban - AgWeb-1.8%
• Sep 19, 2024China forgoes US corn despite slowdown in Brazilian shipments | Reuters-0.7%
• Jun 13, 2024Falling demand for wheat and corn in China could crash global markets-2.1%
• May 2, 2019Grain Market Update 3rd May - Irish Farmers' Association-0.5%

After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% over 20.

• Jul 3, 2020Ukraine and Russia to strengthen the competition on sunflower meal market in the new season – Atria Brokers-0.9%
• Oct 22, 2026Soybeans Market: India Squeezed by Cheaper Argentine and Brazilian Meal — CMB News-2.7%
• Feb 4, 2019Grain exports decline, disrupting its maritime and rail supply chain - FreightWaves-1.8%
• Aug 1, 2022China is intensifying the import of soybean meal from Brazil, rejecting Ukrainian products+0.9%
• Feb 17, 2026China reduced demand for Ukrainian sunflower meal ahead of Lunar New Year celebrations+1.8%

Not enough comparable past events yet for a historical read.