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USDA data show U.S. corn export sales to Mexico at 9.02 million tonnes as of October 22, down 31% from the prior season's record pace. A new export agreement for 1.135 million tonnes was reported on November 2, and Mexican corn output is forecast to rise slightly.
Lower Mexican purchases of U.S. corn reduce export demand, while Brazilian corn at a discount to U.S. Gulf prices adds competition, which is bearish for U.S. corn.
graintrade.com.uaNov 5, 2026After 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.
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.
