
Mexico's Agriculture Secretariat said white corn supply for human consumption is guaranteed despite drought in Guerrero, Oaxaca and Chiapas. It said irrigated output from Sinaloa and southern Sonora will offset lower harvests elsewhere and that no tortilla or flour price increases are expected.
Drought in parts of Mexico could raise local corn demand for imports, but government reserves and irrigated supply are expected to limit the impact on prices.
After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% 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.