Corn

Due to continued elevated agricultural input costs, Mexico’s corn production in marketing year (MY) 2023/24 is forecast at 27.4 million metric tons (MMT), unchanged from the year prior. Lower than expected planting intentions data accounts for slightly lower rice and wheat production forecasts.

FAS Tel Aviv (Post) forecasts Israel’s wheat imports to reach 1.70 million metric tons (MMT) in marketing year (MY) 2023/24, a 2.8 percent decrease from Post’s MY 2022/23 figure.

MY 2023/24 corn production is anticipated to increase roughly 3 percent to 6.1 million metric tons (MT) as more farmers switch to corn production in response to high prices. Post anticipates production will remain below historical levels due to high fertilizer prices and fall army worm outbreaks.

Private exporters reported sales of 136,000 metric tons of corn for delivery to China during the 2022/2023 marketing year. ### The U.S. Department of Agriculture is required by law to publicly release summary sales data obtained from U.S. exporters...

Private exporters reported sales of 112,800 MT of corn for delivery to unknown destinations during MY 2022/2023.

Private exporters reported sales of 204,000 MT of corn for delivery to China during MY 2022/2023.