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Hidalgo state's agriculture secretary said corn prices at harvest will stay at last year's level with no increase, since prices are set internationally. Farm-gate prices fell to 4,700 pesos per tonne in February and guaranteed federal prices are 7,000 pesos.
Local harvest pressure with international-linked pricing keeps Mexican domestic corn cheap, which discourages local supply and reinforces import reliance. This is a local regional story with little effect on global prices.
Not enough comparable past events yet for a historical read.
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.