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Stronger local white corn prices and rising demand for rice and sorghum are expected to drive increased production in marketing year 2025/2026.
The 2024 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2024 calendar year.
FAS Bangkok forecasts stability, with modest growth expected in rice and corn production, supported by favorable weather and strong domestic demand.
Mexico’s grain production outlook for marketing year (MY) 2025/2026 is higher for corn, rice, and sorghum due to higher local prices driving farmer planting decisions.
FAS Bangkok forecasts an increase in Thailand's rice and corn production in MY 2024/25 due to acreage expansion and average yield improvement.
The outlook for Mexican grain production in marketing year (MY) 2024/2025 is lower for corn, wheat, and sorghum.
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.
FAS Bangkok forecasts Thailand’s rice and corn production to increase in MY 2024/25 due to acreage expansion and average yield improvement, compared to MY 2023/24.
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.
The 2023 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2023 calendar year.
FAS Bangkok forecasts Thailand’s rice and corn production to marginally increase in MY 2024/25 along with expanded acreage in response to current attractive farm-gate prices. In 2025, Thailand will likely export 7.5 million metric tons of rice or well above its 5-year average.
The outlook for Mexican grain production in marketing year (MY) 2024/2025 is higher year-on-year for corn, wheat, rice, and sorghum based on farmer planting decisions on more average weather conditions and a gradual recovery from exceptional drought conditions.