Tidbits, Sales to Mexico, Brazilian Crops, Q&A: Corn Marketing & Rally 6/25/25
- Wright team
- 3 days ago
- 6 min read
Tidbits
Yesterday morning, the USDA announced the sale of 554,400 mts of new crop (2025 corn) and 75,600 mts of 2026 corn to Mexico. Somebody in Mexico thinks corn is really cheap to be buying that much for future delivery.
Mexico’s wheat imports for the 2025/26 season are projected to rise to 6.4 million mts due to its lowest harvest in 30 years. Current season import estimates are at 5.2 million mts. The U.S. remains the primary supplier with a share of about 73%, followed by Canada with 14% and Russia with 12%.
The CBOT futures for Brazil urea was down $95 yesterday (18%) following the de-escalation of Mideast military operations.
At the St. Petersburg International Economic Forum, Andrei Guriev, president of the Russian Fertiliser Manufacturers Association, said that Brazil is a key destination for Russian mineral fertiliser exports after the domestic market. In 2024, Russia increased its fertilizer exports to Brazil by 20%, reaching a record 11.4 million mts.
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