# Mexico: An Important Trade Destination for U.S. Corn

> Mexico is a leading export destination for U.S. corn, but U.S. white corn exports to Mexico through May were 84.5% lower than a year earlier. Overall U.S. corn exports to Mexico were 4.9% lower in the marketing year through May, with white corn accounting for 60% of the drop.

- Date: 2023-07-27 · published 2023-07-27T12:00:00.000Z
- Category: trade · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/35018-mexico-an-important-trade-destination-for-u-s-corn
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Mexico's shift away from U.S. white corn reduces export demand for U.S. corn, which can pressure corn prices and widen basis as supplies seek other buyers.

## Read by commodity

- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-06-01 | [Impacts of Mexico’s Proposed GMO Ban for US and Global Corn Trade](https://feedsoft.ai/events/30210-impacts-of-mexico-s-proposed-gmo-ban-for-us-and-global-corn-trade.md) | -1.6% | -6.0% |
| CORN | 2017-03-28 | [U.S. Farmers Fear Shift in Mexican Corn Imports – Food Tank](https://feedsoft.ai/events/71978-u-s-farmers-fear-shift-in-mexican-corn-imports-food-tank.md) | +1.9% | +1.8% |
| 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 | 2021-10-08 | [Mexico quietly rejects application for GMO corn imports - Pro Farmer](https://feedsoft.ai/events/44534-mexico-quietly-rejects-application-for-gmo-corn-imports-pro-farmer.md) | -2.4% | +6.0% |
| CORN | 2023-04-11 | [Mexico to probe GM corn impact on tortillas amid US trade dispute](https://feedsoft.ai/events/36380-mexico-to-probe-gm-corn-impact-on-tortillas-amid-us-trade-dispute.md) | +0.4% | +0.2% |

## Sources

- ncga.com: https://www.ncga.com/stay-informed/media/the-corn-economy/article/2023/07/mexico-an-important-trade-destination-for-u-s-corn

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