⁍ The sale for 1.433 million tonnes of U.S. corn occurred after Mexico’s most productive farmers warned they may not be able to meet demand with domestic supplies.

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⁍ USDA said that 891,540 tonnes of corn was booked for delivery in the current 2020/21 marketing year that ends in August.

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⁍ The so-called flash corn sale was the biggest to Mexico since Dec. 12, 2019, when 1.6 million tonnes were announced.

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– The US Department of Agriculture said Thursday it sold 1.43 million tons of corn to Mexico in what was the biggest “flash sale” the country has seen since December last year, Reuters reports. The sale came after Mexico’s most productive farmers warned they may not be able to meet demand with domestic supplies after deep government spending cuts. Under Mexican President Andres Manuel Lopez Obrador, the agriculture ministry’s budget has been cut by a third, with subsidies previously provided to larger farmers, who account for two-thirds of the country’s domestic corn production, almost entirely eliminated. Under Mexican President Andres Manuel Lopez Obrador, the agriculture ministry’s budget has been cut by a third, with subsidies previously provided to larger farmers, who account for two-thirds of the country’s domestic corn production, almost entirely eliminated. Mexico has historically been self-sufficient in white corn, used mostly for human consumption, but some millers have said they may need more imported supplies in the medium term. A separate USDA report on Thursday showed that as of Oct. 22, Mexican buyers have booked deals to buy 5.757 million tons of US corn since the marketing year began, and already imported 1.669 million tons. A year ago, Mexico’s marketing year total for purchases came to 6.110 million tons and imports stood at 1.779 million tons.