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Mexico's deputy economy minister confirmed talks with Argentina and Brazil to create duty-free corn import arrangements. Mexico currently sources about 98% of its corn from the US, which exports more than $2.5 billion of corn there annually.
Brazil produced 91.5 million tons of corn in 2016 and exports a third of it.
Duty-free South American corn would directly compete with US supplies in Mexico's market, threatening US export volumes and prices.
qz.comChase Purdy27 Mar 2017Setelah 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.
