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Mexico’s grain production outlook for marketing year (MY) 2025/2026 is higher for corn, rice, and sorghum due to higher local prices driving farmer planting decisions.
The outlook for Mexican grain production in marketing year (MY) 2024/2025 is lower for corn, wheat, and sorghum.
Five months into MY2024/25 the situation and outlook for the UK grain sector is starting to become clearer. Significant wheat opening stocks have partly offset concern surrounding the second smallest wheat harvest since MY1999/2000, but even the current momentum in imports means the wheat balance is looking tight.
The outlook for Mexican grain production in marketing year (MY) 2024/2025 is higher year-on-year for corn, rice, and sorghum based on higher-than-average precipitation and a gradual recovery from exceptional drought conditions.
Following a year of exceptional drought conditions in marketing year (MY) 2023/2024, the outlook for Mexican grain production in MY 2024/2025 is higher year-on-year for corn, wheat, rice, and sorghum based on producer expectations for a gradual recovery to average precipitation levels.
The 2023 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2023 calendar year.
The UK is forecast to have one of the lowest grain crops on record in MY 2024/25 following challenging winter planting conditions, a very wet winter, and continued rains now disrupting crop management and spring plantings. Not only is this expected to significantly reduce the planted area, but also average yields.
The outlook for Mexican grain production in marketing year (MY) 2024/2025 is higher year-on-year for corn, wheat, rice, and sorghum based on farmer planting decisions on more average weather conditions and a gradual recovery from exceptional drought conditions.
Corn and wheat production for marketing year (MY) 2023/2024 are forecast lower based on less planted area and unfavorable weather conditions. Rice and sorghum production are forecast to increase.
Corn, rice, and sorghum production forecasts for marketing year (MY) 2023/2024 are increased, while wheat production is forecast lower based on less planted area.
Corn, rice, and sorghum production forecasts for marketing year (MY) 2023/2024 are revised upward, while wheat production is forecast lower at 3.4 million metric tons.
MY 2022/23 has been overshadowed by the developments in Ukraine. However, high UK grain prices supported planting despite high input prices, especially for fertilizer and fuel.