# Secretary Vilsack Statement on Trip to Mexico, Meetings with President López Obrador and Cabinet Officials | USDA

> USDA Secretary Tom Vilsack met Mexican President López Obrador and said the U.S. raised concerns about Mexico's 2020 decree to phase out biotech corn and other biotech products by January 2024. He warned that without an acceptable resolution the U.S. would consider all options, including formal USMCA enforcement steps.

- Date: 2022-11-29 · published 2022-11-29T12:00:00.000Z
- Category: trade · region Mexico · magnitude high
- Page: https://feedsoft.ai/events/38649-secretary-vilsack-statement-on-trip-to-mexico-meetings-with-president-lopez
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

A full ban would cut Mexico's imports of U.S. yellow feed corn, the largest outlet for U.S. corn exports, and raise uncertainty for feed buyers and corn prices. The threat of USMCA action raises the chance of a trade dispute that could disrupt flows further.

## Read by commodity

- CORN: bearish ▼
- DDGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-01-23 | [Statement by USDA, USTR Officials Regarding Meetings in Mexico Today \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/37742-statement-by-usda-ustr-officials-regarding-meetings-in-mexico-today-usda.md) | -0.4% | -0.6% |
| CORN | 2018-05-31 | [U.S. hits E.U., Canada and Mexico with steel, aluminum tariffs, sparking trade war](https://feedsoft.ai/events/65226-u-s-hits-e-u-canada-and-mexico-with-steel-aluminum-tariffs-sparking-trade-war.md) | -2.2% | -7.3% |
| CORN | 2022-10-27 | [EXCLUSIVE: EXCLUSIVE Mexico to proceed with GMO corn ban, seeks international grain deals -official \| Reuters](https://feedsoft.ai/events/39106-exclusive-exclusive-mexico-to-proceed-with-gmo-corn-ban-seeks-international.md) | -2.0% | -2.6% |
| CORN | 2023-04-27 | [U.S. trade consultations on Mexico's GMO corn rule 'unacceptable violation' of law -Mexican official](https://feedsoft.ai/events/36379-u-s-trade-consultations-on-mexico-s-gmo-corn-rule-unacceptable-violation-of-law.md) | -0.9% | -4.0% |
| CORN | 2023-12-04 | [Secretary Vilsack addresses decline in corn exports to China \| Feed & Grain](https://feedsoft.ai/events/14792-secretary-vilsack-addresses-decline-in-corn-exports-to-china-feed-and-grain.md) | +1.7% | +3.1% |

## Sources

- usda.gov: https://www.usda.gov/about-usda/news/press-releases/2022/11/28/secretary-vilsack-statement-trip-mexico-meetings-president-lopez-obrador-and-cabinet-officials

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