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Mexico’s agriculture minister, Columba López, said agrifood companies have not kept their commitments to reduce corn imports or make advance-purchase contracts. She noted that white-corn imports remain small, despite an agreement that they would stop.
If companies reduce imports and shift to advance domestic purchases, import demand could ease while support for Mexican corn prices increases.
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.
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.