
GCMA director Juan Carlos Anaya said Mexico's primary sector faces an unfavourable environment, with lower harvests of wheat and white corn. Output of seven staple grains fell 11%, and the removal of contract farming and target-income schemes has hurt profitability.
Food imports are accelerating to meet domestic demand.
Lower Mexican grain output raises import needs for corn and wheat, which supports world prices for those grains. Weaker domestic supply also tightens the feed-grain balance in Mexico.
After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% over 20.
After 182 past bullish policy events, Wheat (SRW) moved a median +0.1% over 5 sessions (52% higher; middle half -1.9% to +1.4%), and -0.3% 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.