# Mexico imported a record amount of grains this year

> Mexico imported a record 37.44 million tonnes of grains and oilseeds in the first 11 months of 2023, up 8.8% year on year, according to GCMA. Corn imports reached a record 18.2 million tonnes, and wheat, barley, oats and canola imports also rose. Drought affecting much of the country drove the increase, and analysts expect record imports again in 2024.

- Date: 2023-12-28 · published 2023-12-28T12:00:00.000Z
- Category: weather · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/32694-mexico-imported-a-record-amount-of-grains-this-year
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Oats](https://feedsoft.ai/c/OATS.md)

## Why it matters

Drought-driven import demand from Mexico supports prices for corn, wheat and barley, and Mexico's structural shortfall should keep buying strong into 2024.

## Read by commodity

- CORN: bullish ▲
- OATS: bullish ▲
- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-02-15 | [Drought raises Mexico’s corn import outlook \| World Grain](https://feedsoft.ai/events/31645-drought-raises-mexico-s-corn-import-outlook-world-grain.md) | +0.3% | +4.4% |
| CORN | 2026-04-01 | [Iowa Had Its 20th-Driest Winter on Record. Here’s What That Means for This Year’s Crop](https://feedsoft.ai/events/13008-iowa-had-its-20th-driest-winter-on-record-here-s-what-that-means-for-this-year.md) | -1.7% | +1.5% |
| CORN | 2021-10-26 | [Grains: Risk of a La Niña \| CZ app](https://feedsoft.ai/events/44484-grains-risk-of-a-la-nina-cz-app.md) | +8.0% | +9.6% |
| CORN | 2026-01-13 | [The Year in Agribusiness: Mexico’s Agrifood Sector in 2025](https://feedsoft.ai/events/21000-the-year-in-agribusiness-mexico-s-agrifood-sector-in-2025.md) | +0.6% | +1.4% |
| CORN | 2022-06-09 | [La Niña Is Forecast to Impact Global Agriculture for a Third Year in a Row](https://feedsoft.ai/events/40859-la-nina-is-forecast-to-impact-global-agriculture-for-a-third-year-in-a-row.md) | -1.6% | -0.5% |
| WHEAT | 2020-01-06 | [Tough year means change of grain fortunes \| Farm Weekly \| WA](https://feedsoft.ai/events/55027-tough-year-means-change-of-grain-fortunes-farm-weekly-wa.md) | +1.7% | -2.7% |
| WHEAT | 2022-06-09 | [La Niña Is Forecast to Impact Global Agriculture for a Third Year in a Row](https://feedsoft.ai/events/40859-la-nina-is-forecast-to-impact-global-agriculture-for-a-third-year-in-a-row.md) | +1.2% | -8.1% |
| WHEAT | 2019-12-10 | [Ag production falls for third year in row: ABARES - Grain Central](https://feedsoft.ai/events/55533-ag-production-falls-for-third-year-in-row-abares-grain-central.md) | +2.5% | +3.5% |

## Sources

- mexiconewsdaily.com: https://mexiconewsdaily.com/news/mexico-imported-a-record-amount-of-grains-this-year/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.