Mexico Could Pass Japan as Top U.S. Corn Importer


Pro Farmer’s First Thing Today reports buying patterns for U.S. corn have shifted, with U.S. corn export sales to Mexico helping to offset light purchases by more traditional buyers like South Korea. Mexico is well positioned to take over the top buyer role of U.S. corn from Japan as Japan is on pace to buy the second smallest amount of U.S. corn since 1999. 


Data from the U.S. Department of Agriculture shows that South Korea's purchases through mid-month are also the second lowest in a decade. The data also highlights how the rise of suppliers like Ukraine and Brazil has shifted global grain flows. 


There is also concern the recent boost in demand among Asian buyers could stall due to Britain's vote to exit the European Union and its impact on the currency market.


Source:  NAFB News

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