Mexico: Grain and Feed Update
Link to report:
The outlook for Mexican grain production in marketing year (MY) 2024/2025 is lower for corn, wheat, and sorghum. Prolonged drought conditions, low prices, and limited support policies are expected to drive down production. Rice production is forecast higher due to above average precipitation in rice producing areas in the Gulf states. Mexico’s corn, wheat, and rice imports are estimated higher due to estimated lower-than-average production. Meanwhile, sorghum imports are forecast lower due to increased preference for corn use in the animal feed industry. Production and trade forecasts were revised based on updated planting, harvest, and trade data.
