Key Takeaways:
Mexico's drought intensified from 2022 to 2024, with critically low reservoir levels in Sinaloa driving a sharp decline in corn production. Sinaloa produces roughly one-quarter of Mexico's corn crop and is the country's leading supplier of white corn used for staple foods such as tortillas. Production losses forced Mexico to import white corn from the U.S., highlighting the severity of the drought's impact on domestic food supplies. Reduced yellow corn production also increased Mexico's reliance on U.S. feed grain imports. Strong Mexican demand helped push U.S. corn exports to a record high in 2024/25, offsetting part of the decline in Chinese purchases. U.S. corn exports are expected to be even higher in 2025/26, with stron...
What You Need to Know Today: U.S. and Chinese officials are expected to discuss agriculture and non-tariff trade barriers ahead of Chinese President Xi Jinping’s visit to Washington later this month, potentially opening the door to additional U.S. agricultural purchases or improved marke...
The U.S. will observe Labor Day on Monday, 7 September. U.S. markets and the WPI office will be closed that day. The next edition of Ag Perspectives will be published Tuesday, 8 September...
Key Takeaways: Drought and changes to the multi-year trend in cow slaughter and retention have the potential to dramatically alter beef trim supplies and pricing, and WPI specifically models three different drought scenarios for fall 2026. Based on our models, WPI expects 90 percent lean...
