
Mexican Agriculture Secretary Columba López said food industry firms have not met their pledges to reduce corn imports and sign advance purchase contracts with domestic producers. Gruma's Maseca was named as the only company buying in line with the agreements.
If industrial buyers cut imports and buy more domestic corn, US corn export demand to Mexico would fall. Domestic contracting would also support Mexican corn prices.
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.
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.