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The International Grains Council forecasts Mexico's 2020-21 total grain production at 36.4 million tonnes and corn at 27.7 million tonnes. Mexico's total grain imports are projected at 25.1 million tonnes, including 18.8 million tonnes of corn.
Mexico's large projected corn and wheat import needs support US export demand, though the forecasts show a slight downward revision in imports.
world-grain.comChris LyddonAug 3, 2020After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.
