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Corn again

21 May 2007

Dow Jones, via Wallaces Farmer (Urbandale, Iowa) reports that that there is brisk trading on the Sinoloa white corn harvest:

Traders said selling and buying was brisk across Mexican purchasing centers and the increased local activity dominated by the white corn market damped trading interest in other markets.

“There has been good activity this week, a lot of trading is taking place now with the Sinaloa crop, which will enter the main harvest season in the next few weeks,” said one trader by telephone from northern Mexico.

“The market has been busy and most of the trade has been concentrated in the white corn market,” said one trader with an importer in Mexico City.

Some yellow corn shipments from the U.S. received under recently issued duty-free import coupons for 2007 also continued at modest pace both through Mexico’s Veracruz port on the Gulf coast and overland from the U.S. by truck.

Who benefits? Obviously, there is not white corn shortage in Mexico, and speculation in yellow-corn (used for ethanol) was never a real factor in the tortilla jump of earlier this year.

2 Comments leave one →
  1. 21 May 2007 10:06 am

    Hi, Richard. We’ve talked over at Nezua’s place.

    I have a question that’s off-topic, it’s about Mexican-American literature.

  2. 21 May 2007 4:15 pm

    I read a story last month about farmers in Jalisco rediscovering an old favorite: corn. This after a disasterous flirtation with agave, which perhaps fetches a peso or two per kilo.

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