An OECD report says support to Mexican agriculture fell from an average of 25.3% of producer gross income in 2000-2022 to 15.1% in 2023-2025, driven mainly by a sharp decline in market price support. Domestic producer prices remain about 11% above international references, especially for sugar, rice, barley, beans and wheat.
Mexico's shrinking price support and increased trade openness mean domestic prices track world markets more closely, which increases import demand for feed grains when world prices are low.
Not enough comparable past events yet for a historical read.
After 137 past neutral policy events, WHEAT moved a median -0.4% over 5 sessions (43% higher; middle half -1.9% to +1.2%), 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.