
Some industrial buyers have not honored a commitment to purchase domestic Mexican corn before turning to imports. Producers in Sinaloa say only a few companies, such as Gruma, are complying.
They are asking the federal government to intervene to secure sales of their harvest.
Imports taking priority over domestic corn depress local prices and reduce farmers' sales, while imported supply continues to meet Mexico's feed and milling needs.
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.