The national head of Mexico's corn product system called on farmers not to plant the coming autumn-winter wheat and barley cycle, as a protest against low prices and a lack of buyers. Guanajuato corn harvest was 40 to 50 percent complete, with prices of 5,000 to 5,200 pesos per tonne, and producers face losses and financial strain as imported corn fills demand under import quotas.
Low domestic prices and imports under quotas press Mexican corn values lower and weigh on demand for US corn exports to Mexico. A planting boycott of wheat and barley could later tighten Mexican grain supplies.
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.