USDA has revised upwards its estimate for Mexico’s corn production in the 2017/18 marketing year, bringing it into line with Mexican government estimates. The production estimates rise from 26.2 million mt, as set out in the January WASDE report, to 26.8 MMT, although year-on-year volumes remain lower. The increase in production will likely offset Mexico’s need to import, with the USDA also reducing the import volume to reflect both the change and greater economic uncertainty.