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Mexico Tariff Threats Undermining Corn Rally

Country turning to Brazil to fulfill its needs

November 30, 2020

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An analyst says the corn market has one less leg to stand on now that Mexico faces new tariffs from the U.S., reports Brownfield Ag News for America.

Mark Schultz with Northstar Commodity in Minneapolis tells Brownfield the support provided by record planting delays is being undercut by more trade threats from President Trump.

Schultz says last week Mexico purchased 2.5 MMT of Brazilian corn to fill their needs.

ADM to close South Carolina soybean plant

Wheat Harvet Unloading Pixabay

Grain exports generate nearly $3 in economic activity for every dollar sold

Grain Trade & Export

Grain exports generate nearly $3 in economic activity for every dollar sold

USGC report shows grain and grain products exports supported 346,000 jobs and $86 billion in economic output.

Wheat Harvet Unloading Pixabay

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Grain Trade & Export

US corn exports hit marketing-year high as global demand surges

Multiple commodities see strong weekly gains with corn sales nearly doubling.

Corn Field Green Growing

Bunge to sell North American corn milling operations to Grain Craft

Sale includes seven facilities across US and Mexico as company refocuses on core business.

US soybean oil exports surge amid global market shifts

Record exports projected as palm oil shortages reshape vegetable oil markets.

Sunny Soybean Field Growing

US corn planting doubles in a week, still lags behind average

Southern states leading early season progress as farmers contend with field conditions.

Tilling Dry Field Pixabay

USDA lowers corn ending stocks projection amid rising export demand

Feed outlook report shows stronger export pace offsetting reduced domestic feed use.

Corn Growing In Row

Animal Feed Manufacturing

Pellets vs. mash feed for turkeys: Quality costs money

Better turkey weight gain, less nutrient sorting and better transportability are among the advantages of pelleted feeds.

Turkey House Eating

Grain Trade & Export

Global grain trade forecast to decline 7 percent in 2024/25

USDA report cites varying factors across wheat, corn and rice markets.

Grain Barge Loading Pixabay

Grain Trade & Export

US agricultural export sales show broad declines

Weekly USDA report reveals significant drops in wheat, corn, and soybean sales.

Wheat Harvet Unloading Pixabay

Association News

NGFA urges Congress to block penalties on Chinese ships

A U.S. trade proposal aimed at boosting domestic shipbuilding could raise export costs for grain and oilseed producers, threatening market share and global competitiveness.

Bulk Grain Ship

Cargill wins five Edison Awards for food and agriculture innovations

Early corn planting lags behind average, while cotton shows progress

Texas leads southern states in early seasonal planting as most farmers await favorable field conditions.

Corn Rows Field Growing Pixabay

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