Mexico buying more U.S. yellow corn

The vice president of the U.S. Grains Council says the top market for U.S. corn is buying more yellow corn than usual.

“It’s up 33% more than it was last year.”

Cary Sifferath tells Brownfield “their livestock industry, corn starch and sweetener industries continue to grow. And Mexico has had some drought conditions and their local crop is down and will likely decline as harvest happens in June.”

But Sifferath says U.S. white corn exports to Mexico are declining because of the country’s GMO corn ban. However, he says additional business in other countries could offset some of the impacts.

“Colombia, El Salvador, a little into Venezuela and Guatemala where they also have white corn import needs. That demand has actually grown a bit.”

He says a dispute settlement panel continues to work on resolving the Mexico GMO corn dispute to remove Mexico’s GMO corn ban with a final ruling expected in November.

The U.S. Grains Council met in mid-February for an International Marketing Conference in Guatemala.

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