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Mexico buys more corn as concerns about GMO ban continue
The USDA reported a pair of new U.S. export sales Wednesday morning.
Mexico bought 1,866,900 tons of U.S. corn, with 1,242,060 tons for delivery this marketing year and the remaining 624,840 for next marketing year.
This is the second announced sale of U.S. corn to Mexico this week even with persistent concerns about sustained demand ahead of Mexico’s ban on GMO corn imports, which is set to take effect in 2024. The running total for this week is 2,097,085 tons, with 1,472,245 of that for delivery in 2022/23. Mexico also purchased 548,531 tons of 2022/23 U.S. corn last week.
Additionally, Iraq bought 150,000 tons of U.S. hard red spring wheat, also for delivery this marketing year.
The current marketing year started June 1st for wheat and September 1st for corn.
The USDA’s next set of supply and demand estimates is out December 9th.
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