# Why is Mexico standing up to bigger neighbours US, Canada on corn? | Business and Economy News | Al Jazeera

> Mexico has banned GM corn for human consumption and is phasing out its use in livestock feed and industrial uses, prompting the US to invoke the USMCA dispute process. Canada has backed the US position that Mexico's biotech stance is not scientifically based.

- Date: 2023-09-22 · published 2023-09-22T12:00:00.000Z
- Category: trade · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/34071-why-is-mexico-standing-up-to-bigger-neighbours-us-canada-on-corn-business-and
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Mexico buys large volumes of US corn, so the dispute creates uncertainty over future export demand and possible tariffs, which supports a cautious or bearish outlook for US corn.

## Read by commodity

- CORN: bearish ▼
- DDGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-03-07 | [Mexico vows not to budge on US corn dispute \| AP News](https://feedsoft.ai/events/36836-mexico-vows-not-to-budge-on-us-corn-dispute-ap-news.md) | -2.1% | -0.5% |
| CORN | 2023-06-09 | [Canada joins US in trade dispute hearings against Mexico's proposed ban on GM corn \| AP News](https://feedsoft.ai/events/35481-canada-joins-us-in-trade-dispute-hearings-against-mexico-s-proposed-ban-on-gm.md) | +4.4% | -4.7% |
| CORN | 2023-01-24 | [Mexico, US still far apart over corn import ban \| AP News](https://feedsoft.ai/events/37744-mexico-us-still-far-apart-over-corn-import-ban-ap-news.md) | +1.2% | +1.1% |
| CORN | 2019-06-06 | [Mexican peso tanks on double hit from US trade talks and ratings \| Trade War \| Al Jazeera](https://feedsoft.ai/events/58811-mexican-peso-tanks-on-double-hit-from-us-trade-talks-and-ratings-trade-war-al.md) | +2.8% | +4.2% |
| CORN | 2023-07-07 | [The US is the world's biggest corn exporter - but for how long? - BBC News](https://feedsoft.ai/events/14827-the-us-is-the-world-s-biggest-corn-exporter-but-for-how-long-bbc-news.md) | +2.6% | -9.3% |

## Sources

- aljazeera.com: https://www.aljazeera.com/economy/2023/9/22/why-is-mexico-standing-up-to-bigger-neighbours-us-canada-on-corn

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