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Post continues to estimate wheat production for 2014/15 at 12.5 million tons, 500,000 tons higher than USDA, on 4.2 million hectares, 100,000 hectares higher than USDA.
U.S. exports of corn-based products have experienced rapid growth in the past decade, reaching a value of $7.6 billion in fiscal year 2014, up 16 percent from the previous year.
Favorable weather conditions throughout Mexico’s crop producing regions have resulted in higher production expectations in marketing year (MY) 2014/15 for corn and rice.