# Mexico to fight US dispute over GM corn after formal consultations fail | Reuters

> Mexico said it will contest a US dispute over its GM corn restrictions after formal consultations under USMCA failed to resolve the issue. A new decree removed the deadline for banning GM corn used in animal feed and industrial applications, which accounts for most of Mexico's roughly $5 billion in US corn imports. The decree still bans GM corn in dough and tortillas.

- Date: 2023-06-02 · published 2023-06-02T12:00:00.000Z
- Category: trade · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/35478-mexico-to-fight-us-dispute-over-gm-corn-after-formal-consultations-fail-reuters
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Mexico is the largest outside buyer of US corn, so a prolonged dispute raises the risk of lost export demand and weaker US corn prices. Feed buyers should watch for panel progress and any change to the feed-corn exemption.

## Read by commodity

- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-03-06 | [U.S. demands formal talks with Mexico over GMO corn dispute](https://feedsoft.ai/events/36834-u-s-demands-formal-talks-with-mexico-over-gmo-corn-dispute.md) | -1.2% | +1.1% |
| CORN | 2023-04-06 | [After growing GM corn for decades, some US farmers open to Mexican restrictions \| Reuters](https://feedsoft.ai/events/36378-after-growing-gm-corn-for-decades-some-us-farmers-open-to-mexican-restrictions.md) | -0.4% | -2.0% |
| CORN | 2023-04-12 | [USTR faces option of dispute with Mexico over GM white corn \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/36383-ustr-faces-option-of-dispute-with-mexico-over-gm-white-corn-agri-pulse.md) | +0.7% | -0.9% |
| CORN | 2023-04-20 | [National Corn Growers want a formal dispute on Mexico's corn ban - Brownfield Ag News](https://feedsoft.ai/events/36385-national-corn-growers-want-a-formal-dispute-on-mexico-s-corn-ban-brownfield-ag.md) | -1.0% | -9.9% |
| 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

- reuters.com: https://www.reuters.com/markets/commodities/us-requests-dispute-settlement-consultations-with-mexico-over-gm-corn-2023-06-02/

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