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Mexico Is No Longer No. 1 U.S. Corn-Buyer After Trade Tensions

  • Shipments to top buyer are down while global exports rise 32%
  • U.S. has taken more reassuring stance as Nafta up for talks
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Mexico is no longer the biggest buyer of corn from the U.S.,  a sign that trade tensions are pushing American grain toward other markets while its southern neighbor lines up new suppliers.

Sales to Mexico through May were $1.04 billion, down 6.7 percent from a year earlier, the U.S. Department of Agriculture said Thursday in a monthly update. That contrasts with the 32 percent increase for the overall value of U.S. corn exports in the period, during which the average dollar value of the commodity was little changed. Japan boosted its purchases 53 percent to $1.19 billion to become the largest importer of American corn.