Mexico Makes Third-Largest Corn Buy On Record: Here's What It Signals

 The 64.5-million-bushel corn sale to Mexico was split 41.3 million bushels for the current marketing year and 24.1 million bushels for 2024-25. It's the 11th largest daily export sale on record and the third largest sale of corn to Mexico. It was especially encouraging considering the ongoing USMCA trade dispute between the U.S. and Mexico. 

As of Sept. 14, Mexico had booked more than 6.1 million metric tons of U.S. corn. That is more than the 4.9 million from last year at this time and 5.4 million from two years ago. The buy signals that despite the ongoing trade tiff over Mexico’s proposed ban of GMO corn for human consumption, end users there still want U.S. corn. They might also be concerned about the outcome of the formal trade complaint. 

Randy Martinson, Martinson Ag, says: "It was huge. I mean, Mexico coming in to buy over a million metric tons of old crop corn and more than 600,000 metric tons of new crop corn. It shows that even though the press is saying we're hearing stories that Mexico isn't interested in our corn the private purchasers and the users in Mexico certainly want our corn, but they're worried they're not going to be able to get the supplies they need to be able to make their commitment so they're aggressively buying corn out of the U.S."...more