Mexico: Grain and Feed Update
Corn production is likely to increase slightly in marketing year (MY) 2016/17 (October/September) to 24.2 MMT, mostly due higher planted area than initially anticipated, and assuming favorable weather conditions. The wheat production estimate is down for MY2016/17 (July/June), due to insufficient water supply in the “Bajio” region (Guanajuato, Michoacan, and Jalisco). Rice production is forecast to be up in MY2016/17, reflecting information from industry and official contacts. The Post/New total sorghum production and harvested area estimates for MY 2015/16 were revised downward and upward, respectively, based on updated official data. MY2016/17 imports are forecast lower for corn while up slightly for wheat.
