Mexico Corn Damage

Posted by Nogger - a legend in his own mind at 15:38 | Categorized as

16/02/11 -- Mexico's Minister of Agriculture says that the volume of winter corn damaged by recent frosts there amounts to 1.8 MMT, according to a report on Reuters. That's around 7% of national annual production of what is mostly a summer crop of 24-25 MMT in total. Planting of the latter begins next month. That doesn't sound like a huge percentage for the market to get too excited about to me.