With exports to China largely off the table, new numbers show Mexico is set to become the top destination for U.S. ag goods.
New numbers from CoBank show that with China out of the picture, Mexico is set to become the largest buyer of U.S. grain, feed, and oilseeds. Exports of U.S. farm goods to our southern neighbor have grown by around 65 percent over the last four years, making it the fastest-growing export market for U.S. ag products.
Dairy export values have grown more than 75 percent since 2020, driven mostly by Mexican demand for cheese.
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Stay alert for trade announcements—especially border reopening timelines, tariff threats, and developments in Brazil’s export flows.
Until a phased reopening is inked, plan for tighter feeder availability, firmer basis near border yards, and continued reliance on domestic and Canadian sources.
Corn and wheat inspections outpaced last year, but soybean movement remains seasonally active yet behind, keeping basis and freight dynamics in focus by corridor.
