
USDA FAS projects Mexico's 2025-26 corn output up 7% to 24.5 million tonnes and sorghum up 4% to 4.4 million tonnes, driven by feed demand. Wheat production is forecast to fall 36% due to drought, lifting wheat imports 23% to 6.4 million tonnes.
Stronger Mexican feed grain demand supports imports of US sorghum and corn, while the sharp drop in Mexican wheat output raises import demand for wheat.
Not enough comparable past events yet for a historical read.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.