# Drought hits Mexico’s corn outlook, boosting 2020 imports…

> GCMA forecasts Mexico's 2020 corn imports will rise 14% to 18.3 million mt from an expected 16 million mt in 2019, which would be a record. The outlook is driven by drought in the state of Sinaloa.

- Date: 2019-12-04 · published 2019-12-04T12:00:00.000Z
- Category: weather · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/55545-drought-hits-mexico-s-corn-outlook-boosting-2020-imports
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Higher Mexican import demand supports US yellow corn export sales and prices, as Mexico is a major buyer of US corn.

## Read by commodity

- CORN: bullish ▲
- DDGS: neutral

## 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 | 2021-04-28 | [Mexico's 2020/21 corn outlook endangered by drought fears: GCMA - Fastmarkets](https://feedsoft.ai/events/47591-mexico-s-2020-21-corn-outlook-endangered-by-drought-fears-gcma-fastmarkets.md) | +4.4% | -7.3% |
| CORN | 2021-05-13 | [Drought impacting most Brazilian corn farms](https://feedsoft.ai/events/46927-drought-impacting-most-brazilian-corn-farms.md) | -7.7% | -2.2% |
| CORN | 2022-12-19 | [Drought hits Brazil corn in key southern state – StoneX](https://feedsoft.ai/events/13681-drought-hits-brazil-corn-in-key-southern-state-stonex.md) | +1.3% | +2.9% |
| 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

- gcma.com.mx: https://gcma.com.mx/drought-hits-mexicos-corn-outlook-boosting-2020-imports-gcma/

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