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Grupo Consultor de Mercados Agricolas (GCMA) cut its 2020 Mexico corn import forecast from 17.2 million to 16.75 million tonnes. The consultancy cited weaker-than-expected animal feed demand, which makes up nearly half of Mexico's yellow corn use, as Covid-19 slowed beef and pork production.
Imports for January to September were still up 3.6% year on year, with 93% of 2020 imports expected from the US.
Lower import demand from Mexico, the largest buyer of US corn, reduces export outflows and is mildly bearish for US corn prices. The effect is modest because year-to-date imports remain higher than last year.
fastmarkets.comJuan Pedro Tomas2020/11/04過去の弱気な貿易イベント683件の後、トウモロコシ は5営業日で中央値 -0.2% 動き（47% が上昇。中央50%は -1.7% から +1.6%）、20営業日では +0.3% 動きました。
イベント直前の終値からの各商品ベンチマークの動き。過去の傾向は同種の過去イベントをまとめたものであり、起きたことを示すもので、今後を示すものではありません。投資助言ではありません。
