Mexico boosts corn market

Published 2025년 5월 2일

Tridge summary

This week, the corn market experienced heightened activity due to Mexico's significant purchase of 20.3 million tons of U.S. corn for the 2024/2025 cycle, accounting for 35% of U.S. corn exports and marking a 5% increase from the previous year. This highlights the strong trade relationship between the U.S. and Mexico, further supported by positive discussions between Mexican President Claudia Sheinbaum Pardo and former U.S. President Donald Trump on enhancing bilateral trade. The USDA reported robust American corn exports, with Mexico as the leading buyer. Despite improved weather conditions in the U.S. and slow corn harvesting in Argentina acting as bearish factors, corn futures in Chicago experienced a slight uptick.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to an analysis by TF Agroeconômica, the corn market gained momentum this week, highlighted by the increase in purchases by Mexico, which has already acquired 20.3 million tons of the North American grain in the 2024/2025 cycle. This volume represents 35% of total corn exports from the United States and shows a 5% growth compared to the same period last year, reinforcing the strategic importance of the trade relationship between the two countries for sustaining prices. The bullish scenario was reinforced by statements by Mexican President Claudia Sheinbaum Pardo, who reported a "very positive conversation" with former President Donald Trump about improving the bilateral trade balance. Sheinbaum stated that the Secretaries of Finance, Treasury, Economy and Commerce of both nations will continue negotiating to advance pending issues that economically benefit both sides, which could further intensify Mexican imports. In addition, the USDA's weekly report revealed that ...

Source: Agrolink