Mexico: Grain and Feed Update

Following a year of exceptional drought conditions in marketing year (MY) 2023/2024, the outlook for Mexican grain production in MY 2024/2025 is higher year-on-year for corn, wheat, rice, and sorghum based on producer expectations for a gradual recovery to average precipitation levels. Mexico’s MY 2024/2025 corn and wheat imports are forecast higher due to expected less than average production and growth in the animal feed sector. Rice and sorghum imports are estimated lower year-on-year due to forecast increased production and less demand. Production and trade forecasts and estimates were revised based on updated planting, harvest, and trade data.