
Mexico's grain, oilseed and derivative imports reached 37.3 million tonnes in the first nine months of the year, up 5.1% from a year earlier, while spending rose 8.1% to $11.92 billion according to customs data compiled by GCMA. Corn accounted for 52.2% of the volume, with 19.46 million tonnes imported, and soy complex products drove more than 70% of the net increase in the import bill.
Higher Mexican import volumes, led by US corn and soy products, support demand for US corn and soybean meal, while the rising cost of imports signals tighter pricing for feed buyers exposed to the Mexican market.
After 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.
After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% 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.