# Uncertainty for the Corn Industry in Mexico | Insights | Holland & Knight

> A Holland & Knight alert says Mexico's 2020 decree banning genetically engineered corn is set to take full effect on January 31, 2024. Mexican imports of U.S. yellow corn could be cut in half, from about 17 million tons. Non-GE supply contracts are unlikely to fully replace the lost volume, and Mexican importers may pay about 26% more for non-GE corn.

- Date: 2022-11-15 · published 2022-11-15T12:00:00.000Z
- Category: trade · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/38656-uncertainty-for-the-corn-industry-in-mexico-insights-holland-and-knight
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Halving Mexico's roughly 17 million tons of U.S. yellow corn imports would remove a major export outlet and raise feed costs for Mexican livestock. The limited non-GE substitute supply points to continued downside pressure on U.S. corn export demand.

## Read by commodity

- CORN: bearish ▼
- DDGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-02-16 | [Mexico minister plans South America trip amid U.S. corn uncertainty](https://feedsoft.ai/events/72495-mexico-minister-plans-south-america-trip-amid-u-s-corn-uncertainty.md) | -0.3% | -1.5% |
| CORN | 2023-08-17 | [Report: US-Mexico GM corn fight intensifies \| World Grain](https://feedsoft.ai/events/34541-report-us-mexico-gm-corn-fight-intensifies-world-grain.md) | +1.2% | -1.4% |
| CORN | 2023-06-06 | [US takes next step in Mexico GM corn fight \| World Grain](https://feedsoft.ai/events/35485-us-takes-next-step-in-mexico-gm-corn-fight-world-grain.md) | +5.1% | -3.8% |
| CORN | 2017-06-16 | [U.S. Exports to Mexico Fall as Uncertainty Over Nafta Lingers](https://feedsoft.ai/events/70469-u-s-exports-to-mexico-fall-as-uncertainty-over-nafta-lingers.md) | -3.5% | -2.6% |
| CORN | 2023-07-27 | [Mexico: An Important Trade Destination for U.S. Corn](https://feedsoft.ai/events/35018-mexico-an-important-trade-destination-for-u-s-corn.md) | -13.2% | -14.2% |

## Sources

- hklaw.com: https://www.hklaw.com/en/insights/publications/2022/11/uncertainty-for-the-corn-industry-in-mexico

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