Mexico: Grain and Feed Update
Due to generally favorable weather conditions throughout Mexico’s crop producing regions, production is expected to be higher in marketing year (MY) 2014/15 for most crops, including corn, sorghum and rice, while production is down slightly for wheat and dry beans. MY2014/15 imports are forecast lower for corn, sorghum, rice and dry beans while up slightly for wheat. Responding to demands from various grower organizations about low commodity prices and the need for more assistance at the farm level, Federal and certain State governments are implementing various programs aimed at assisting select Mexican growers impacted by low commodity prices.
