# Mexico's 2020/21 corn outlook endangered by drought fears: GCMA - Fastmarkets

> Mexico set a first-quarter corn import record of 4.22 million mt, with almost all coming from the US. Drought in Sinaloa and Tamaulipas could cut Mexico's 2020/21 domestic corn crop from 27 million mt, and GCMA raised its full-year import estimate to 17.6 million mt.

- Date: 2021-04-28 · published 2021-04-28T12:00:00.000Z
- Category: weather · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/47591-mexico-s-2020-21-corn-outlook-endangered-by-drought-fears-gcma-fastmarkets
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower Mexican output and higher import needs support demand for US corn exports, which is bullish for corn prices.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-12-04 | [Drought hits Mexico’s corn outlook, boosting 2020 imports…](https://feedsoft.ai/events/55545-drought-hits-mexico-s-corn-outlook-boosting-2020-imports.md) | -3.9% | +1.5% |
| 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 | 2021-04-12 | [US corn outlook 'very concerning' as drought adds to planting woe - Fastmarkets](https://feedsoft.ai/events/47434-us-corn-outlook-very-concerning-as-drought-adds-to-planting-woe-fastmarkets.md) | +0.9% | +25.0% |
| CORN | 2024-09-16 | [Corn market outlook, supply and cost management challenges - Fastmarkets](https://feedsoft.ai/events/28324-corn-market-outlook-supply-and-cost-management-challenges-fastmarkets.md) | +1.6% | +2.7% |
| CORN | 2022-12-02 | [Argentine Exchange: Early Soy in Core Farm Belt Hit by Drought, Outlook Dry](https://feedsoft.ai/events/13992-argentine-exchange-early-soy-in-core-farm-belt-hit-by-drought-outlook-dry.md) | -1.9% | +2.9% |

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/mexico-s-2020-21-corn-outlook-endangered-by-drought-fears-gcma/

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