Key Takeaways:
Mexico's drought intensified from 2022 to 2024, with critically low reservoir levels in Sinaloa driving a sharp decline in corn production. Sinaloa produces roughly one-quarter of Mexico's corn crop and is the country's leading supplier of white corn used for staple foods such as tortillas. Production losses forced Mexico to import white corn from the U.S., highlighting the severity of the drought's impact on domestic food supplies. Reduced yellow corn production also increased Mexico's reliance on U.S. feed grain imports. Strong Mexican demand helped push U.S. corn exports to a record high in 2024/25, offsetting part of the decline in Chinese purchases. U.S. corn exports are expected to be even higher in 2025/26, with stron...
What You Need to Know Today: The Trump administration announced new tariffs of 10 percent to 12.5 percent on imports from 60 major U.S. trading partners as part of a Section 301 action aimed at combating forced labor in global supply chains. Countries that have agreed to adopt and enforce bans...
Key Takeaways: Grain futures pulled back sharply in overnight trade Friday on rumors that Ukraine proposed two possible options for ensuring civilian vessel safety in the Black Sea. Both Russia and Ukraine have recently targeted civilian vessels carrying oil and grain in the Sea of Azov...
