# Mexico not buying U.S. yellow corn as GM ban looms, Lopez Obrador says | Reuters

> President López Obrador said Mexico's government cannot buy U.S. yellow corn because it does not want genetically modified corn. He said the U.S. had wanted to sell more yellow corn and Mexico declined. The remarks came ahead of the planned GM corn ban.

- Date: 2022-11-09 · published 2022-11-09T12:00:00.000Z
- Category: trade · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/38652-mexico-not-buying-u-s-yellow-corn-as-gm-ban-looms-lopez-obrador-says-reuters
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

A refusal to buy U.S. yellow corn signals lower Mexican import demand as the ban approaches, which weighs on U.S. corn export prospects. The hard line increased the risk that about half of Mexico's yellow corn imports will be lost.

## Read by commodity

- CORN: bearish ▼
- DDGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-03-31 | [Mexico plans to ban all GMO corn. Now a key deadline looms as the U.S. pushes back](https://feedsoft.ai/events/36838-mexico-plans-to-ban-all-gmo-corn-now-a-key-deadline-looms-as-the-u-s-pushes-back.md) | -1.2% | -2.1% |
| CORN | 2023-04-03 | [Mexico plans to ban all GMO corn. Now a key deadline looms as the U.S. pushes back \| KOSU](https://feedsoft.ai/events/36384-mexico-plans-to-ban-all-gmo-corn-now-a-key-deadline-looms-as-the-u-s-pushes.md) | -1.6% | -4.0% |
| CORN | 2017-07-07 | [Japan Edges Mexico for No. 1 Spot as U.S. Corn Buyer](https://feedsoft.ai/events/69913-japan-edges-mexico-for-no-1-spot-as-u-s-corn-buyer.md) | -4.4% | -3.6% |
| CORN | 2024-03-07 | [Mexico waiting on US proof that GM corn safe for its people, deputy ag minister says \| Reuters](https://feedsoft.ai/events/31177-mexico-waiting-on-us-proof-that-gm-corn-safe-for-its-people-deputy-ag-minister.md) | +1.4% | -1.8% |
| CORN | 2023-05-31 | [Update on Mexico's GMO Corn Ban - AgWeb](https://feedsoft.ai/events/35907-update-on-mexico-s-gmo-corn-ban-agweb.md) | -1.8% | +0.1% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/mexican-president-says-government-cannot-buy-genetically-modified-corn-2022-11-09/

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