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  • Pre Session Commentary - Detailed News

USDA Raises Mexico Corn Production Estimates For MY 2018/19
23-Jul-19   08:51 Hrs IST

As per the latest update from United States Department of Agriculture (usda), the total corn production estimate of Mexico for MY2018/19 (October to September) is revised upward to 26.85 million metric tons (MMT), on more complete data from SADER. Corn output increased due to higher than expected harvested area and favorable weather conditions. In the case of the 2018/19 fall/winter crop, growers and governmental sources estimate that yields per hectare benefited from favorable weather conditions, including increased precipitation and irrigation supplies in the states of Sinaloa and Sonora. It is also important to note that Sinaloa farmers planted 488,500 hectares (ha) of corn in the 2018/19 fall /winter crop cycle, approximately eight percent higher than initial planting intentions. Similarly, producers in Sonora planted 58,000 ha of corn, more than double initial estimates. According to private sources, the average yield in those states is estimated at 11 MT/ha, but there were cases of farmers obtaining more than 12 ha/MT.

The import estimate for MY 2018/19 is revised downward to 17.2 MMT based on expectations of higher than estimated growth in domestic corn production. Export estimates for MY 2018/19 are revised downward to 600,000 MT based on data from private sources and SADER for the first eight months of this marketing year.

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