
Mexican buyers imported more than 583,000 metric tonnes of Brazilian corn in 2017, a 970% jump over 2016, according to SIAP data. All of the purchases came in the last four months of the year, after officials explored alternative supplies amid NAFTA uncertainty.
Mexico is on track to buy more Brazilian corn in 2018.
Shifting Mexican corn demand toward Brazil reduces export sales for US corn, which is already weighed down by low prices and South American competition. The trend supports bearish US corn pricing.
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.