Mexico: Grain and Feed Update

The outlook for Mexican grain production in marketing year (MY) 2024/2025 is higher year-on-year for corn, rice, and sorghum based on higher-than-average precipitation and a gradual recovery from exceptional drought conditions. Corn and rice imports are forecast lower year-on-year based on increased production from improved weather conditions. Mexico’s wheat imports are estimated higher due to less than average expected production. Meanwhile, sorghum imports are forecast stable due to higher production and steady demand. Production and trade forecasts were revised based on updated planting, harvest, and trade data.