Voluntary Report - Public distribution

**Date:** 10/31/2008

**GAIN Report Number:** MX8072

MX8072

**Mexico**

**Grain and Feed**

**October Update on Grain & Feed**

**2008**

**Approved by:**

![](media/image1.wmf)Allan Mustard

U.S. Embassy Mexico

**Prepared by:**

Benjamin Juarez, Gabriel Hernandez and Mark Ford

**Report Highlights:**

The MY 2008/09 corn production estimate increased based on the latest
Government of Mexico (GOM) data and better weather conditions. As a
result of the current economic situation, the corn consumption estimate
for MY 2008/09 has been revised upward to 16.2 MMT. Due to higher
expected inflation, private economists estimate that consumer purchasing
power could be less in CY 2009 forcing many consumers to increase
purchases of corn, dry beans and rice. The dry beans import estimate for
MY 2008/09 has been revised upward due to the expected increase in
demand for cheaper protein. However, the rice harvested area and
production estimates for MY 2008/09 have been revised downward due to
extremely adverse weather conditions. The wheat production estimate for
MY 2008/09 remains unchanged at 3.89 MMT.

Includes PSD Changes: Yes

Includes Trade Matrix: No

Annual Report

Mexico City \[MX1\]

\[MX\]

Table of Contents

[**Corn 3**](#corn)

[Sorghum 3](#sorghum)

[Dry Beans 3](#dry-beans)

[Wheat 4](#wheat)

[Rice 4](#rice)

[Relevant Reports Submitted by FAS/Mexico City
5](#relevant-reports-submitted-by-fasmexico-city)

[PS&D Corn 6](#psd-corn)

[PS&D Sorghum 7](#psd-sorghum)

[PS&D Dry Beans 8](#psd-dry-beans)

[PS&D Wheat 9](#psd-wheat)

[PS&D Rice 10](#psd-rice)

# Corn

Based on the latest Mexican government data, the MY 2008/09 production
estimate has been increased due to better weather conditions. The
government foresees that the strong rain that has fallen in some states
of the country, for example in Guanajuato, will increase yields for
corn. The Under Secretary of Rural Development in the Ministry of
Agriculture (SAGARPA), Antonio Ruiz, stated that atypical rains have
pushed production higher in: Aguascalientes, Chihuahua, Durango,
Jalisco, Michoacan, Nayarit, San Luis Potosi, Sinaloa, Zacatecas and
Nuevo Leon. As a result, official and private sources anticipate larger
production for the 2008 spring/summer corn crop cycle. The Secretary of
Agricultural Development in Guanajuato recently stated that if it does
not rain any more, their state will have a significant increase in
production since they have already passed their average rain fall of 650
milliliters a year.

The MY 2007/08 production estimate has been increased to reflect the
most recent official information issued from SAGARPA. The import
estimate for MY 2008/09 was adjusted downward due to the impact of
higher estimated domestic production.

The MY 2008/09 forecast for domestic feed consumption has been reduced
to 16.3 MMT. The use of corn for feed should decline due to the expected
sluggish demand from livestock producers. Several sources anticipate a
recession in the economy and higher inflation as a result of the world
financial crisis. Due to higher expected inflation and an adverse
economic climate, private economists estimate that consumer purchasing
power could be less in CY 2009. However, the food consumption estimate
for MY 2008/09 has been revised upward to 16.2 MMT since the domestic
demand for meat products should decrease due to high prices, which will
force low-and middle-income consumers to find less expensive protein
sources, such as tortillas.

The ending stock estimates for MY 2008/09 have been adjusted downward
due to lower-than-previously estimated imports. Similarly, the estimated
MY 2007/08 ending stocks were revised upward due to
higher-than-previously estimated production.

# Sorghum

FAS/Mexico maintains its previous forecast of production and area
harvested based on: normal weather conditions, average planted area, the
progress of the 2007/08 sorghum crop, and official information.

Regarding the MY 2008/09 import estimate, it has been increased to 1.5
MMT assuming more affordable prices for sorghum. Similarly, the
consumption estimate for MY 2008/09 was revised upward based on updated
information from the industry, which reflects an expected substitution
of corn for sorghum, mainly by the poultry industry. The poultry
industry continues to be the major consumer of sorghum in Mexico.

# Dry Beans

The MY 2008/09 import estimate has been revised upward due to stronger
domestic demand. According to principal bean traders, the market share
of imported beans will increase as low-and middle-income consumers
substitute less expensive protein sources, such as corn and dry beans,
for meat and poultry. As a result, the consumption estimate for MY
2008/09 was revised upward to 1.28 MMT.

The import figure for MY 2007/08 was revised slightly downward,
reflecting final official data from the Secretariat of Economy (SE). The
ending stock estimates for MY 2008/09 have been adjusted slightly upward
due to higher-than-previously estimated imports.

# Wheat

### 

The MY 2007/08 production forecast figures are unchanged at 3.59 MMT.
Likewise, the Mexican wheat production forecast for MY 2008/09 remains
at 3.89 MMT. As previously reported, the expected production of more
than 2 MMT of crystalline, or durum wheat, will be used for semolina and
pasta with a smaller amount for feed use. The increase in production for
MY 2008/09 is due to expanded area planted, which has been aided by the
implementation of a GOM project intended to increase production and take
advantage of high international prices. All of this is supported by the
implementation of forward contracts within the sector in order to
promote wheat production.

MY 2007/08 imports have been revised downward. As previously reported,
this decrease was driven by the GOM's intention to increase the
production of soft wheat, which is more suitable for baking. The MY
2008/09 import forecast was revised to 3 MMT, 2.8 percent lower than the
previous year's revised figure due to the expected increased production
of Soft Red Winter in the Bajio area. This confirms the GOM's intention
to use forward contracts to promote bringing idle wheat lands back into
production.

The export figures for MY 2007/08 and MY 2008/09 were revised upward to
reflect recently updated official data. FAS/Mexico estimates that Mexico
will continue increasing its production of crystalline, or durum wheat,
to maintain similar export levels.

The MY 2007/08 and MY 2008/09 feed consumption figures were lowered
based on the fact that due to high international prices, producers
decided to export part of their production for feed use. The FSI
consumption for both MY 2007/08 and MY 2008/09 were revised downward
since Mexico is struggling in foreign markets and encountering direct
competition from imported high added-value products in the domestic
market.

Despite all these facts, the United States and Canada will continue to
be the main wheat suppliers to Mexico where prices, undoubtedly, will
play a large role in deciding the source and amount of imports.

# Rice

The MY 2007/08 figures remain unchanged. The harvest season has ended,
and it is expected that official figures will be published soon.

For MY 2008/09, heavy rains and floods have affected the area devoted to
agricultural production in Veracruz, one of the main producing states.
Despite the fact that rice requires ample water supplies, the majority
of these lands are irrigated and heavy rains have significantly affected
area harvested and production. Private sources indicate, unofficially,
that between 600 to 800 hectares have been impacted and represents the
loss of approximately 3,200 MT. Due to this fact, the harvested area was
revised downward 1.33 percent from our previous estimate, while the
production estimate was revised downward as well, 1.44 percent from our
previous estimate.

As previously reported, imports for MY 2007/08 remain unchanged since
most importers have already purchased rice for the year. Sources point
out that any increase in imports would be generated from self-service
chain stores and packing companies. Nevertheless, Mexico will remain an
important market for U.S. rice. Likewise, the turmoil in the world
economy should encourage an increase in consumption since rice is still
considered an affordable staple food for a large portion of low-and
middle-income Mexican households.

# Relevant Reports Submitted by FAS/Mexico City

MX8064 September Grain & Feed Update

<http://www.fas.usda.gov/gainfiles/200810/146295996.doc>

MX8058 August Grain & Feed Update

<http://www.fas.usda.gov/gainfiles/200809/146295706.doc>

MX8050 July Grain & Feed Update

<http://www.fas.usda.gov/gainfiles/200807/146295326.doc>

MX8046 Bean TRQ Update

<http://www.fas.usda.gov/gainfiles/200809/146295705.doc>

MX8017 Grain & Feed Annual

<http://www.fas.usda.gov/gainfiles/200803/146293969.doc>

## PS&D Corn

<table style="width:100%;">
<colgroup>
<col style="width: 19%" />
<col style="width: 8%" />
<col style="width: 8%" />
<col style="width: 8%" />
<col style="width: 8%" />
<col style="width: 8%" />
<col style="width: 8%" />
<col style="width: 8%" />
<col style="width: 8%" />
<col style="width: 9%" />
</colgroup>
<tbody>
<tr class="odd">
<td colspan="10"><strong>(1000 HA) (1000 MT) (MT/HA)</strong></td>
</tr>
<tr class="even">
<td rowspan="4"><strong>Corn Mexico</strong></td>
<td colspan="3"><strong>2006</strong></td>
<td colspan="3"><strong>2007</strong></td>
<td colspan="3"><strong>2008</strong></td>
</tr>
<tr class="odd">
<td colspan="3"><strong>2006/2007</strong></td>
<td colspan="3"><strong>2007/2008</strong></td>
<td colspan="3"><strong>2008/2009</strong></td>
</tr>
<tr class="even">
<td colspan="3"><p><strong>Market Year Begin:</strong></p>
<p><strong>Oct 2006</strong></p></td>
<td colspan="3"><p><strong>Market Year Begin:</strong></p>
<p><strong>Oct 2007</strong></p></td>
<td colspan="3"><p><strong>Market Year Begin:</strong></p>
<p><strong>Oct 2008</strong></p></td>
</tr>
<tr class="odd">
<td colspan="2"><strong>Annual Data Displayed</strong></td>
<td><p><strong>New Post</strong></p>
<p><strong>Data</strong></p></td>
<td colspan="2"><strong>Annual Data Displayed</strong></td>
<td><p><strong>New Post</strong></p>
<p><strong>Data</strong></p></td>
<td colspan="2"><strong>Annual Data Displayed</strong></td>
<td><p><strong>Oct</strong></p>
<p><strong>Data</strong></p></td>
</tr>
<tr class="even">
<td>Area Harvested</td>
<td>7375</td>
<td>7375</td>
<td>7375</td>
<td>7350</td>
<td>7350</td>
<td>7350</td>
<td>7450</td>
<td>7450</td>
<td>7450</td>
</tr>
<tr class="odd">
<td>Beginning Stocks</td>
<td>2707</td>
<td>2707</td>
<td>2707</td>
<td>3084</td>
<td>3079</td>
<td>3079</td>
<td>2834</td>
<td>2749</td>
<td>2899</td>
</tr>
<tr class="even">
<td>Production</td>
<td>22350</td>
<td>22354</td>
<td>22354</td>
<td>22650</td>
<td>22750</td>
<td>22900</td>
<td>24000</td>
<td>23500</td>
<td>23700</td>
</tr>
<tr class="odd">
<td>MY Imports</td>
<td>8944</td>
<td>8526</td>
<td>8526</td>
<td>9200</td>
<td>8800</td>
<td>8800</td>
<td>9000</td>
<td>10000</td>
<td>9300</td>
</tr>
<tr class="even">
<td>TY Imports</td>
<td>8944</td>
<td>8526</td>
<td>8526</td>
<td>9200</td>
<td>8800</td>
<td>8800</td>
<td>9000</td>
<td>10000</td>
<td>9300</td>
</tr>
<tr class="odd">
<td>TY Imp. from U.S.</td>
<td>8893</td>
<td>8526</td>
<td>8526</td>
<td>0</td>
<td>8800</td>
<td>8800</td>
<td>0</td>
<td>10000</td>
<td>9300</td>
</tr>
<tr class="even">
<td>Total Supply</td>
<td>34001</td>
<td>33587</td>
<td>33587</td>
<td>34934</td>
<td>34629</td>
<td>34779</td>
<td>35834</td>
<td>36249</td>
<td>35899</td>
</tr>
<tr class="odd">
<td>MY Exports</td>
<td>217</td>
<td>208</td>
<td>208</td>
<td>100</td>
<td>80</td>
<td>80</td>
<td>100</td>
<td>80</td>
<td>80</td>
</tr>
<tr class="even">
<td>TY Exports</td>
<td>217</td>
<td>208</td>
<td>208</td>
<td>100</td>
<td>80</td>
<td>80</td>
<td>100</td>
<td>80</td>
<td>80</td>
</tr>
<tr class="odd">
<td>Feed Consumption</td>
<td>15100</td>
<td>14700</td>
<td>14700</td>
<td>16200</td>
<td>16000</td>
<td>16000</td>
<td>16500</td>
<td>16800</td>
<td>16300</td>
</tr>
<tr class="even">
<td>FSI Consumption</td>
<td>15600</td>
<td>15600</td>
<td>15600</td>
<td>15800</td>
<td>15800</td>
<td>15800</td>
<td>16000</td>
<td>16000</td>
<td>16200</td>
</tr>
<tr class="odd">
<td>Total Consumption</td>
<td>30700</td>
<td>30300</td>
<td>30300</td>
<td>32000</td>
<td>31800</td>
<td>31800</td>
<td>32500</td>
<td>32800</td>
<td>32500</td>
</tr>
<tr class="even">
<td>Ending Stocks</td>
<td>3084</td>
<td>3079</td>
<td>3079</td>
<td>2834</td>
<td>2749</td>
<td>2899</td>
<td>3234</td>
<td>3369</td>
<td>3319</td>
</tr>
<tr class="odd">
<td>Total Distribution</td>
<td>34001</td>
<td>33587</td>
<td>33587</td>
<td>34934</td>
<td>34629</td>
<td>34779</td>
<td>35834</td>
<td>36249</td>
<td>35899</td>
</tr>
<tr class="even">
<td>Yield</td>
<td>3.0</td>
<td>3.0</td>
<td>3.0</td>
<td>3.0</td>
<td>3.0</td>
<td>3.1</td>
<td>3.0</td>
<td>3.0</td>
<td>3.2</td>
</tr>
</tbody>
</table>

## PS&D Sorghum

<table>
<colgroup>
<col style="width: 19%" />
<col style="width: 8%" />
<col style="width: 8%" />
<col style="width: 9%" />
<col style="width: 8%" />
<col style="width: 8%" />
<col style="width: 9%" />
<col style="width: 8%" />
<col style="width: 8%" />
<col style="width: 8%" />
</colgroup>
<tbody>
<tr class="odd">
<td colspan="10"><strong>(1000 HA) (1000 MT) (MT/HA)</strong></td>
</tr>
<tr class="even">
<td rowspan="4"><strong>Sorghum Mexico</strong></td>
<td colspan="3"><strong>2006</strong></td>
<td colspan="3"><strong>2007</strong></td>
<td colspan="3"><strong>2008</strong></td>
</tr>
<tr class="odd">
<td colspan="3"><strong>2006/2007</strong></td>
<td colspan="3"><strong>2007/2008</strong></td>
<td colspan="3"><strong>2008/2009</strong></td>
</tr>
<tr class="even">
<td colspan="3"><p><strong>Market Year Begin:</strong></p>
<p><strong>Oct 2006</strong></p></td>
<td colspan="3"><p><strong>Market Year Begin:</strong></p>
<p><strong>Oct 2007</strong></p></td>
<td colspan="3"><p><strong>Market Year Begin:</strong></p>
<p><strong>Oct 2008</strong></p></td>
</tr>
<tr class="odd">
<td colspan="2"><strong>Annual Data Displayed</strong></td>
<td><p><strong>New Post</strong></p>
<p><strong>Data</strong></p></td>
<td colspan="2"><strong>Annual Data Displayed</strong></td>
<td><p><strong>New Post</strong></p>
<p><strong>Data</strong></p></td>
<td colspan="2"><strong>Annual Data Displayed</strong></td>
<td><p><strong>Oct</strong></p>
<p><strong>Data</strong></p></td>
</tr>
<tr class="even">
<td>Area Harvested</td>
<td>1595</td>
<td>1595</td>
<td>1595</td>
<td>1855</td>
<td>1730</td>
<td>1730</td>
<td>1750</td>
<td>1750</td>
<td>1750</td>
</tr>
<tr class="odd">
<td>Beginning Stocks</td>
<td>553</td>
<td>553</td>
<td>553</td>
<td>217</td>
<td>245</td>
<td>245</td>
<td>317</td>
<td>245</td>
<td>245</td>
</tr>
<tr class="even">
<td>Production</td>
<td>5810</td>
<td>5810</td>
<td>5810</td>
<td>6100</td>
<td>6000</td>
<td>6000</td>
<td>6200</td>
<td>6200</td>
<td>6200</td>
</tr>
<tr class="odd">
<td>MY Imports</td>
<td>1954</td>
<td>1882</td>
<td>1882</td>
<td>1100</td>
<td>1100</td>
<td>1100</td>
<td>1700</td>
<td>1300</td>
<td>1500</td>
</tr>
<tr class="even">
<td>TY Imports</td>
<td>1954</td>
<td>1882</td>
<td>1882</td>
<td>1100</td>
<td>1100</td>
<td>1100</td>
<td>1700</td>
<td>1300</td>
<td>1500</td>
</tr>
<tr class="odd">
<td>TY Imp. from U.S.</td>
<td>1954</td>
<td>1882</td>
<td>1882</td>
<td>0</td>
<td>1100</td>
<td>1100</td>
<td>0</td>
<td>1300</td>
<td>1500</td>
</tr>
<tr class="even">
<td>Total Supply</td>
<td>8317</td>
<td>8245</td>
<td>8245</td>
<td>7417</td>
<td>7345</td>
<td>7345</td>
<td>8217</td>
<td>7745</td>
<td>7945</td>
</tr>
<tr class="odd">
<td>MY Exports</td>
<td>0</td>
<td>0</td>
<td>0</td>
<td>0</td>
<td>0</td>
<td>0</td>
<td>0</td>
<td>0</td>
<td>0</td>
</tr>
<tr class="even">
<td>TY Exports</td>
<td>0</td>
<td>0</td>
<td>0</td>
<td>0</td>
<td>0</td>
<td>0</td>
<td>0</td>
<td>0</td>
<td>0</td>
</tr>
<tr class="odd">
<td>Feed Consumption</td>
<td>8000</td>
<td>7900</td>
<td>7900</td>
<td>7000</td>
<td>7000</td>
<td>7000</td>
<td>7700</td>
<td>7300</td>
<td>7500</td>
</tr>
<tr class="even">
<td>FSI Consumption</td>
<td>100</td>
<td>100</td>
<td>100</td>
<td>100</td>
<td>100</td>
<td>100</td>
<td>100</td>
<td>100</td>
<td>100</td>
</tr>
<tr class="odd">
<td>Total Consumption</td>
<td>8100</td>
<td>8000</td>
<td>8000</td>
<td>7100</td>
<td>7100</td>
<td>7100</td>
<td>7800</td>
<td>7400</td>
<td>7600</td>
</tr>
<tr class="even">
<td>Ending Stocks</td>
<td>217</td>
<td>245</td>
<td>245</td>
<td>317</td>
<td>245</td>
<td>245</td>
<td>417</td>
<td>345</td>
<td>345</td>
</tr>
<tr class="odd">
<td>Total Distribution</td>
<td>8317</td>
<td>8245</td>
<td>8245</td>
<td>7417</td>
<td>7345</td>
<td>7345</td>
<td>8217</td>
<td>7745</td>
<td>7945</td>
</tr>
<tr class="even">
<td>Yield</td>
<td>4.0</td>
<td>4.0</td>
<td>3.6</td>
<td>3.0</td>
<td>3.5</td>
<td>3.5</td>
<td>4.0</td>
<td>4.0</td>
<td>3.5</td>
</tr>
</tbody>
</table>

## PS&D Dry Beans

<table>
<colgroup>
<col style="width: 22%" />
<col style="width: 7%" />
<col style="width: 9%" />
<col style="width: 9%" />
<col style="width: 7%" />
<col style="width: 9%" />
<col style="width: 9%" />
<col style="width: 7%" />
<col style="width: 9%" />
<col style="width: 8%" />
</colgroup>
<tbody>
<tr class="odd">
<td colspan="10"><strong>(1000 HA) (1000 MT) (MT/HA)</strong></td>
</tr>
<tr class="even">
<td rowspan="4"><strong>Beans Mexico</strong></td>
<td colspan="3"><strong>2006</strong></td>
<td colspan="3"><strong>2007</strong></td>
<td colspan="3"><strong>2008</strong></td>
</tr>
<tr class="odd">
<td colspan="3"><strong>2006/2007</strong></td>
<td colspan="3"><strong>2007/2008</strong></td>
<td colspan="3"><strong>2008/2009</strong></td>
</tr>
<tr class="even">
<td colspan="3"><p><strong>Market Year Begin:</strong></p>
<p><strong>Jan 2006</strong></p></td>
<td colspan="3"><p><strong>Market Year Begin:</strong></p>
<p><strong>Jan 2007</strong></p></td>
<td colspan="3"><p><strong>Market Year Begin:</strong></p>
<p><strong>Jan 2008</strong></p></td>
</tr>
<tr class="odd">
<td colspan="2"><strong>Annual Data Displayed</strong></td>
<td><p><strong>New Post</strong></p>
<p><strong>Data</strong></p></td>
<td colspan="2"><strong>Annual Data Displayed</strong></td>
<td><p><strong>New Post</strong></p>
<p><strong>Data</strong></p></td>
<td colspan="2"><strong>Annual Data Displayed</strong></td>
<td><p><strong>Oct</strong></p>
<p><strong>Data</strong></p></td>
</tr>
<tr class="even">
<td>Area Harvested</td>
<td>0</td>
<td>1660</td>
<td>1660</td>
<td>0</td>
<td>1500</td>
<td>1500</td>
<td>0</td>
<td>1340</td>
<td>1340</td>
</tr>
<tr class="odd">
<td>Beginning Stocks</td>
<td>0</td>
<td>65</td>
<td>65</td>
<td>0</td>
<td>213</td>
<td>213</td>
<td>0</td>
<td>65</td>
<td>65</td>
</tr>
<tr class="even">
<td>Production</td>
<td>0</td>
<td>1331</td>
<td>1331</td>
<td>0</td>
<td>1020</td>
<td>1020</td>
<td>0</td>
<td>1125</td>
<td>1125</td>
</tr>
<tr class="odd">
<td>MY Imports</td>
<td>0</td>
<td>129</td>
<td>129</td>
<td>0</td>
<td>90</td>
<td>89</td>
<td>0</td>
<td>140</td>
<td>175</td>
</tr>
<tr class="even">
<td>TY Imports</td>
<td>0</td>
<td>129</td>
<td>129</td>
<td>0</td>
<td>90</td>
<td>89</td>
<td>0</td>
<td>140</td>
<td>175</td>
</tr>
<tr class="odd">
<td>TY Imp. from U.S.</td>
<td>0</td>
<td>105</td>
<td>105</td>
<td>0</td>
<td>85</td>
<td>85</td>
<td>0</td>
<td>130</td>
<td>165</td>
</tr>
<tr class="even">
<td>Total Supply</td>
<td>0</td>
<td>1525</td>
<td>1525</td>
<td>0</td>
<td>1323</td>
<td>1322</td>
<td>0</td>
<td>1330</td>
<td>1365</td>
</tr>
<tr class="odd">
<td>MY Exports</td>
<td>0</td>
<td>12</td>
<td>12</td>
<td>0</td>
<td>18</td>
<td>17</td>
<td>0</td>
<td>20</td>
<td>23</td>
</tr>
<tr class="even">
<td>TY Exports</td>
<td>0</td>
<td>12</td>
<td>12</td>
<td>0</td>
<td>18</td>
<td>17</td>
<td>0</td>
<td>20</td>
<td>23</td>
</tr>
<tr class="odd">
<td>Feed Consumption</td>
<td>0</td>
<td>0</td>
<td>0</td>
<td>0</td>
<td>0</td>
<td>0</td>
<td>0</td>
<td>0</td>
<td>0</td>
</tr>
<tr class="even">
<td>FSI Consumption</td>
<td>0</td>
<td>1300</td>
<td>1300</td>
<td>0</td>
<td>1240</td>
<td>1240</td>
<td>0</td>
<td>1250</td>
<td>1280</td>
</tr>
<tr class="odd">
<td>Total Consumption</td>
<td>0</td>
<td>1300</td>
<td>1300</td>
<td>0</td>
<td>1240</td>
<td>1240</td>
<td>0</td>
<td>1250</td>
<td>1280</td>
</tr>
<tr class="even">
<td>Ending Stocks</td>
<td>0</td>
<td>213</td>
<td>213</td>
<td>0</td>
<td>65</td>
<td>65</td>
<td>0</td>
<td>60</td>
<td>62</td>
</tr>
<tr class="odd">
<td>Total Distribution</td>
<td>0</td>
<td>1525</td>
<td>1525</td>
<td>0</td>
<td>1323</td>
<td>1322</td>
<td>0</td>
<td>1330</td>
<td>1365</td>
</tr>
<tr class="even">
<td>Yield</td>
<td>0.0</td>
<td>0.8</td>
<td>0.8</td>
<td>0.0</td>
<td>0.7</td>
<td>0.7</td>
<td>0.0</td>
<td>0.8</td>
<td>0.8</td>
</tr>
</tbody>
</table>

## PS&D Wheat

<table>
<colgroup>
<col style="width: 15%" />
<col style="width: 8%" />
<col style="width: 8%" />
<col style="width: 9%" />
<col style="width: 9%" />
<col style="width: 9%" />
<col style="width: 9%" />
<col style="width: 8%" />
<col style="width: 9%" />
<col style="width: 9%" />
</colgroup>
<tbody>
<tr class="odd">
<td colspan="10"><strong>(1000 HA) (1000 MT) (MT/HA)</strong></td>
</tr>
<tr class="even">
<td rowspan="4"><strong>Wheat Mexico</strong></td>
<td colspan="3"><strong>2006</strong></td>
<td colspan="3"><strong>2007</strong></td>
<td colspan="3"><strong>2008</strong></td>
</tr>
<tr class="odd">
<td colspan="3"><strong>2006/2007</strong></td>
<td colspan="3"><strong>2007/2008</strong></td>
<td colspan="3"><strong>2008/2009</strong></td>
</tr>
<tr class="even">
<td colspan="3"><p><strong>Market Year Begin:</strong></p>
<p><strong>Jul 2006</strong></p></td>
<td colspan="3"><p><strong>Market Year Begin:</strong></p>
<p><strong>Jul 2007</strong></p></td>
<td colspan="3"><p><strong>Market Year Begin:</strong></p>
<p><strong>Jul 2008</strong></p></td>
</tr>
<tr class="odd">
<td colspan="2"><strong>Annual Data Displayed</strong></td>
<td><p><strong>New Post</strong></p>
<p><strong>Data</strong></p></td>
<td colspan="2"><strong>Annual Data Displayed</strong></td>
<td><p><strong>New Post</strong></p>
<p><strong>Data</strong></p></td>
<td colspan="2"><strong>Annual Data Displayed</strong></td>
<td><p><strong>Oct</strong></p>
<p><strong>Data</strong></p></td>
</tr>
<tr class="even">
<td>Area Harvested</td>
<td>570</td>
<td>570</td>
<td>570</td>
<td>722</td>
<td>722</td>
<td>722</td>
<td>769</td>
<td>769</td>
<td>769</td>
</tr>
<tr class="odd">
<td>Beginning Stocks</td>
<td>312</td>
<td>312</td>
<td>312</td>
<td>340</td>
<td>340</td>
<td>340</td>
<td>444</td>
<td>500</td>
<td>500</td>
</tr>
<tr class="even">
<td>Production</td>
<td>3,240</td>
<td>3,240</td>
<td>3,240</td>
<td>3,593</td>
<td>3,593</td>
<td>3,593</td>
<td>3,887</td>
<td>3,887</td>
<td>3,887</td>
</tr>
<tr class="odd">
<td>MY Imports</td>
<td>3,610</td>
<td>3,549</td>
<td>3,534</td>
<td>3,400</td>
<td>3,088</td>
<td>3,088</td>
<td>3,400</td>
<td>3,000</td>
<td>3,000</td>
</tr>
<tr class="even">
<td>TY Imports</td>
<td>3,610</td>
<td>3,549</td>
<td>3,534</td>
<td>3,400</td>
<td>3,088</td>
<td>3,088</td>
<td>3,400</td>
<td>3,000</td>
<td>3,000</td>
</tr>
<tr class="odd">
<td>TY Imp. from U.S.</td>
<td>2,353</td>
<td>2,289</td>
<td>2,211</td>
<td>2,400</td>
<td>2,500</td>
<td>2,500</td>
<td>2,500</td>
<td>2,500</td>
<td>2,500</td>
</tr>
<tr class="even">
<td>Total Supply</td>
<td>7,162</td>
<td>7,101</td>
<td>7,086</td>
<td>7,333</td>
<td>7,021</td>
<td>7,021</td>
<td>7,731</td>
<td>7,387</td>
<td>7,387</td>
</tr>
<tr class="odd">
<td>MY Exports</td>
<td>548</td>
<td>536</td>
<td>469</td>
<td>600</td>
<td>1,127</td>
<td>1,127</td>
<td>700</td>
<td>1,150</td>
<td>1,150</td>
</tr>
<tr class="even">
<td>TY Exports</td>
<td>548</td>
<td>536</td>
<td>469</td>
<td>600</td>
<td>1,127</td>
<td>1,127</td>
<td>700</td>
<td>1,150</td>
<td>1,150</td>
</tr>
<tr class="odd">
<td>Feed Consumption</td>
<td>100</td>
<td>200</td>
<td>200</td>
<td>189</td>
<td>100</td>
<td>100</td>
<td>190</td>
<td>100</td>
<td>100</td>
</tr>
<tr class="even">
<td>FSI Consumption</td>
<td>6,100</td>
<td>6,025</td>
<td>6,077</td>
<td>6,100</td>
<td>5,294</td>
<td>5,294</td>
<td>6,401</td>
<td>5,623</td>
<td>5,623</td>
</tr>
<tr class="odd">
<td>Total Consumption</td>
<td>6,200</td>
<td>6,225</td>
<td>6,277</td>
<td>9289</td>
<td>5,394</td>
<td>5,394</td>
<td>6,591</td>
<td>5,723</td>
<td>5,723</td>
</tr>
<tr class="even">
<td>Ending Stocks</td>
<td>414</td>
<td>340</td>
<td>340</td>
<td>444</td>
<td>500</td>
<td>500</td>
<td>440</td>
<td>514</td>
<td>514</td>
</tr>
<tr class="odd">
<td>Total Distribution</td>
<td>7,162</td>
<td>7,101</td>
<td>7,086</td>
<td>7,333</td>
<td>7,021</td>
<td>7,021</td>
<td>7,731</td>
<td>7,387</td>
<td>7,387</td>
</tr>
<tr class="even">
<td>Yield</td>
<td>6.0</td>
<td>6.0</td>
<td>5.6842</td>
<td>4.9765</td>
<td>4.9765</td>
<td>4.9765</td>
<td>5.0</td>
<td>5.0546</td>
<td>5.0546</td>
</tr>
</tbody>
</table>

## PS&D Rice

<table style="width:100%;">
<colgroup>
<col style="width: 15%" />
<col style="width: 9%" />
<col style="width: 9%" />
<col style="width: 12%" />
<col style="width: 8%" />
<col style="width: 8%" />
<col style="width: 8%" />
<col style="width: 8%" />
<col style="width: 8%" />
<col style="width: 8%" />
</colgroup>
<tbody>
<tr class="odd">
<td colspan="10"><strong>(1000 HA) (1000 MT) (MT/HA)</strong></td>
</tr>
<tr class="even">
<td rowspan="4"><strong>Rice, Milled Mexico</strong></td>
<td colspan="3"><strong>2006</strong></td>
<td colspan="3"><strong>2007</strong></td>
<td colspan="3"><strong>2008</strong></td>
</tr>
<tr class="odd">
<td colspan="3"><strong>2006/2007</strong></td>
<td colspan="3"><strong>2007/2008</strong></td>
<td colspan="3"><strong>2008/2009</strong></td>
</tr>
<tr class="even">
<td colspan="3"><p><strong>Market Year Begin:</strong></p>
<p><strong>Oct 2006</strong></p></td>
<td colspan="3"><p><strong>Market Year Begin:</strong></p>
<p><strong>Oct 2007</strong></p></td>
<td colspan="3"><p><strong>Market Year Begin:</strong></p>
<p><strong>Oct 2008</strong></p></td>
</tr>
<tr class="odd">
<td colspan="2"><strong>Annual Data Displayed</strong></td>
<td><p><strong>New Post</strong></p>
<p><strong>Data</strong></p></td>
<td colspan="2"><strong>Annual Data Displayed</strong></td>
<td><p><strong>New Post</strong></p>
<p><strong>Data</strong></p></td>
<td colspan="2"><strong>Annual Data Displayed</strong></td>
<td><p><strong>Oct</strong></p>
<p><strong>Data</strong></p></td>
</tr>
<tr class="even">
<td>Area Harvested</td>
<td>52</td>
<td>52</td>
<td>52</td>
<td>55</td>
<td>55</td>
<td>70</td>
<td>55</td>
<td>75</td>
<td>74</td>
</tr>
<tr class="odd">
<td>Beginning Stocks</td>
<td>159</td>
<td>180</td>
<td>180</td>
<td>146</td>
<td>146</td>
<td>146</td>
<td>187</td>
<td>170</td>
<td>170</td>
</tr>
<tr class="even">
<td>Production</td>
<td>181</td>
<td>181</td>
<td>181</td>
<td>185</td>
<td>185</td>
<td>195</td>
<td>185</td>
<td>209</td>
<td>206</td>
</tr>
<tr class="odd">
<td>MY Imports</td>
<td>271</td>
<td>271</td>
<td>271</td>
<td>277</td>
<td>277</td>
<td>292</td>
<td>277</td>
<td>313</td>
<td>309</td>
</tr>
<tr class="even">
<td>TY Imports</td>
<td>.6667</td>
<td>.6667</td>
<td>.6667</td>
<td>.6667</td>
<td>.6667</td>
<td>.6667</td>
<td>.6667</td>
<td>.6667</td>
<td>.6667</td>
</tr>
<tr class="odd">
<td>TY Imp. from U.S.</td>
<td>594</td>
<td>535</td>
<td>535</td>
<td>650</td>
<td>650</td>
<td>600</td>
<td>650</td>
<td>650</td>
<td>605</td>
</tr>
<tr class="even">
<td>Total Supply</td>
<td>609</td>
<td>535</td>
<td>535</td>
<td>650</td>
<td>650</td>
<td>600</td>
<td>650</td>
<td>600</td>
<td>605</td>
</tr>
<tr class="odd">
<td>MY Exports</td>
<td>607</td>
<td>535</td>
<td>535</td>
<td>649</td>
<td>649</td>
<td>558</td>
<td>0</td>
<td>558</td>
<td>558</td>
</tr>
<tr class="even">
<td>TY Exports</td>
<td>934</td>
<td>896</td>
<td>896</td>
<td>981</td>
<td>981</td>
<td>941</td>
<td>1022</td>
<td>979</td>
<td>981</td>
</tr>
<tr class="odd">
<td>Feed Consumption</td>
<td>0</td>
<td>0</td>
<td>0</td>
<td>14</td>
<td>12</td>
<td>12</td>
<td>10</td>
<td>10</td>
<td>7</td>
</tr>
<tr class="even">
<td>FSI Consumption</td>
<td>0</td>
<td>0</td>
<td>0</td>
<td>14</td>
<td>12</td>
<td>12</td>
<td>10</td>
<td>10</td>
<td>7</td>
</tr>
<tr class="odd">
<td>Total Consumption</td>
<td>788</td>
<td>750</td>
<td>750</td>
<td>780</td>
<td>769</td>
<td>759</td>
<td>812</td>
<td>825</td>
<td>830</td>
</tr>
<tr class="even">
<td>Ending Stocks</td>
<td>146</td>
<td>146</td>
<td>146</td>
<td>187</td>
<td>200</td>
<td>170</td>
<td>200</td>
<td>144</td>
<td>144</td>
</tr>
<tr class="odd">
<td>Total Distribution</td>
<td>934</td>
<td>896</td>
<td>896</td>
<td>981</td>
<td>981</td>
<td>941</td>
<td>1022</td>
<td>979</td>
<td>976</td>
</tr>
<tr class="even">
<td>Yield</td>
<td>5.2115</td>
<td>5.2115</td>
<td>5.2115</td>
<td>5.0364</td>
<td>5.0364</td>
<td>4.1714</td>
<td>5.0364</td>
<td>5.0364</td>
<td>4.1733</td>
</tr>
</tbody>
</table>

#