U.S. corn export sales reached a marketing year high in the week ending November 5, led by Mexico, which bought almost three-quarters of the weekly total. Colombia and South Korea were the other key buyers.
Wheat sales fell to a marketing year low, while soybean and beef sales were below average and pork sales rose.
Strong Mexican demand for U.S. corn supports nearby corn prices and draws supplies from the export pipeline. Weak wheat sales at high U.S. prices point to pressure on wheat values.
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.