# Global Ag News for June 12.23 - ADM Investor Services

> The US requested dispute consultations with Mexico under the USMCA over Mexico's restrictions on genetically modified corn imports. Canada will join as a third party, and the US could later seek a dispute panel and tariffs if talks fail.

- Date: 2023-06-12 · published 2023-06-12T12:00:00.000Z
- Category: trade · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/14838-global-ag-news-for-june-12-23-adm-investor-services
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Mexico is the second-largest market for US corn, mainly for animal feed, so a trade escalation could cut US corn export demand. Canadian involvement signals broader risk to North American agricultural trade.

## Read by commodity

- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-07-07 | [Ag Market View for July 7.25 - ADM Investor Services](https://feedsoft.ai/events/11929-ag-market-view-for-july-7-25-adm-investor-services.md) | -6.0% | -6.0% |
| CORN | 2025-02-10 | [Wkly Futures Market Summary For 2.10.2025 - ADM Investor Services](https://feedsoft.ai/events/26110-wkly-futures-market-summary-for-2-10-2025-adm-investor-services.md) | +2.8% | -4.7% |
| CORN | 2025-03-03 | [Wkly Futures Market Summary For 3.3.2025 - ADM Investor Services](https://feedsoft.ai/events/4705-wkly-futures-market-summary-for-3-3-2025-adm-investor-services.md) | -0.2% | +2.5% |
| CORN | 2019-05-06 | [Trump's China Tweets Shatter Historic Calm in Global Markets \| Fortune](https://feedsoft.ai/events/10429-trump-s-china-tweets-shatter-historic-calm-in-global-markets-fortune.md) | -3.2% | +10.5% |
| CORN | 2020-03-13 | [S Korea joins buying spree for Black Sea new crop feed wheat \| S&P Global](https://feedsoft.ai/events/54171-s-korea-joins-buying-spree-for-black-sea-new-crop-feed-wheat-s-and-p-global.md) | -4.2% | -1.9% |

## Sources

- admis.com: https://www.admis.com/global-ag-news-for-june-12-23/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.