# USDA: Mexican stance against GMO hurts farmers | 2021-01-05  | Agri-Pulse Communications, Inc.

> A USDA Foreign Agricultural Service report says Mexico has not approved new genetically modified seed traits in over a year and a half and remains one of the world's largest importers of GE corn and soy. The report says Mexico's stance, including its refusal to allow glyphosate imports, is hurting farmers, and GE cotton area fell 36% in 2020.

- Date: 2021-01-06 · published 2021-01-06T12:00:00.000Z
- Category: report · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/49132-usda-mexican-stance-against-gmo-hurts-farmers-2021-01-05-agri-pulse
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Growing regulatory uncertainty in Mexico, a major importer of US corn and soybeans, adds downside risk to export demand for CORN and SOY. The report highlights that the restrictions are already affecting farm planting decisions.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-05-31 | [USDA lowers ag trade forecast for FY 2023 \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/5571-usda-lowers-ag-trade-forecast-for-fy-2023-agri-pulse-communications-inc.md) | -1.8% | +0.1% |
| CORN | 2019-05-10 | [Article Headline \| 2019-05-10 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/59045-article-headline-2019-05-10-agri-pulse-agri-pulse-communications-inc.md) | +5.8% | +12.3% |
| CORN | 2020-02-20 | [USDA: Mixed 2020 farm outlook on small export increase, record production \| 2020-02-20  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/54621-usda-mixed-2020-farm-outlook-on-small-export-increase-record-production-2020-02.md) | -2.4% | -7.1% |
| CORN | 2021-09-10 | [USDA raises corn and soy yield forecasts, pushing down price expectations \| 2021-09-10  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/45108-usda-raises-corn-and-soy-yield-forecasts-pushing-down-price-expectations-2021.md) | +1.1% | -1.9% |
| CORN | 2023-06-30 | [More corn, less soybeans revealed in USDA crop acreage, grain stocks reports \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/35530-more-corn-less-soybeans-revealed-in-usda-crop-acreage-grain-stocks-reports-agri.md) | -2.3% | +1.5% |
| SOY | 2021-03-09 | [Corn, soy, wheat ending stocks hold steady for March \| 2021-03-09  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/48068-corn-soy-wheat-ending-stocks-hold-steady-for-march-2021-03-09-agri-pulse.md) | -1.3% | -1.3% |
| SOY | 2021-09-10 | [USDA raises corn and soy yield forecasts, pushing down price expectations \| 2021-09-10  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/45108-usda-raises-corn-and-soy-yield-forecasts-pushing-down-price-expectations-2021.md) | +3.0% | -0.9% |
| SOY | 2017-08-10 | [Bearish USDA crop report shakes corn and soybean sectors \| 2017-08-10 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/69393-bearish-usda-crop-report-shakes-corn-and-soybean-sectors-2017-08-10-agri-pulse.md) | -4.3% | +0.0% |

## Sources

- agri-pulse.com: https://www.agri-pulse.com/articles/15092-usda-mexican-stance-against-gmo-hurts-farmers

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