Mexico corn production faces a shortfall due to reduced plantings, drought and frost damage. Winter corn planted as a second crop may suffer from reduced water supplies from depleted reservoirs. It is a dismal outlook for 2011-12 corn production, perhaps requiring record corn imports to satisfy large consumption needs.
News of a shortfall came last week in a USDA report Grain and Feed Update on Mexico. New crop corn production may be only 20.5 million metric tons, compared with original expectations for 24 million metric tons originally. The new estimate supersedes the production number given in the World Agriculture Supply Demand Estimates October 12... subscribers continue to full story...