Mexico has been in the commodity news a lot recently, first due to its surge in imports from the U.S. and, this week, due to Trump’s threatened tariffs against the country. Given the importance of the country for U.S. grain and other agricultural exports (not to mention imports) WPI offers the following, brief update of the corn market dynamics faced by our southern neighbor.Mexico’s corn imports have grown significantly over the past 15 years due to a growing population and advances in livestock production. Mexico’s feed use of corn has grown at a 5.4 percent compound annual growth rate (CAGR) since 2010/11 while imports have posted a 7.7 percent CAGR. Since 2020/21, Mexico has imported 94 percent of its corn from the U.S. annually, with t...

TAGS – Feed Grains, North America