
Mexican feed mills and elevators are increasingly importing corn from South America, arriving by sea rather than by rail from the US. Grupo Gramosa in Queretaro still receives about five or six trains a month of mostly US yellow corn, with about 60,000 tonnes per train.
Executives also expressed doubts about the US push to renegotiate NAFTA.
Growing use of South American corn in Mexico would reduce demand for US corn over time, which is bearish for US export prices. The shift is still small compared with rail volumes from the US.
Setelah 683 peristiwa perdagangan bearish sebelumnya, Jagung bergerak median -0,2% selama 5 sesi (47% lebih tinggi; separuh tengah -1,7% sampai +1,6%), dan +0,3% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.