Post concurs with the official USDA wheat and corn estimates. For rice, MY 16/17 area harvested and paddy and milled rice production were adjusted upwards consistent with updated estimates....
The market year (MY) 2017/18 wheat production estimate has been revised downward to 3.5 million metric tons (MMT) based on updated official information from the Mexican government.
Post maintains its earlier wheat and barley forecasts for 2017/18. Customs duties on wheat are expected to remain at current levels through the end of 2017.