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On April 3, 2018, Mexico published four notices announcing incentive programs intended to address an oversupply of corn in certain parts of the country....
Post expects relatively minor changes in 2018/19 in Mexican production of corn and sorghum, with a larger percentage decrease in wheat production due to water availability among other factors.
The marketing year (MY) 2017/18 corn production estimate has been revised upward to 26.8 MMT, with harvested area estimated at 7.23 million hectares, reflecting official information....
On November 16, Mexico published three notices announcing incentive programs intended to address an oversupply of corn in certain parts of the country.
U.S. farm and food exports climbed eight percent in FY 2017, reaching the third-highest level on record.
The market year (MY) 2017/18 wheat production estimate has been revised downward to 3.5 million metric tons (MMT) based on updated official information from the Mexican government.
Post has increased the marketing year (MY) 2016/17 corn production estimate based on expectations for a strong crop this year.
Infographic showing highlights of U.S. agricultural exports to Mexico, which totaled $17.9 billion in 2016.
Grain production is expected to return to average levels in marketing year (MY) 2017/18, given normal weather after higher wheat and corn production and lower sorghum production in MY 2016/17.
Corn production is projected to be higher than previous estimates, as farmers shifted production from sorghum to corn due to pest concerns.
Infographic highlighting the total exports, top destinations, and top commodities for U.S. agricultural exports in 2016.
Post’s (MY) 2016/17 corn and sorghum production estimates have been revised downward from USDA/Official forecast due to smaller than previously estimated planted area and irregular weather conditions.