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Mexico Issues White Corn Reference Prices, Adds Per-Ton Support for Bajío Producers

Contracts will reference March 2026 futures to provide price certainty across the market.

Overview

  • The Agriculture Ministry formalized an agreement for the Primavera–Verano 2025 cycle that sets a consumption base of $143 per ton, a regional maximum base of $38, and a minimum base of $105 per ton for the Bajío.
  • A jointly financed support payment of 950 pesos per ton from federal and state governments will supplement producer income.
  • Authorities estimate the package will lift payments to Bajío growers by roughly 25% versus the level expected without the deal.
  • All purchase contracts must peg pricing to the March 2026 futures contract to curb volatility and improve planning for buyers and sellers.
  • The measures target producers in Guanajuato, Michoacán, and Jalisco, prioritize purchases by milling and nixtamal industries to secure domestic supply, and precede a pledged Mexican market-ordering system for maize.