# Five ways that NAFTA 2.0 could impact your wine and cheese plate

> The USMCA trade agreement took effect on July 1, 2020, replacing NAFTA. Side letters cover items such as wine distribution in British Columbia, cheese names and whiskey sales, and the deal opens new dairy export avenues to Canada.

- Date: 2020-07-02 · published 2020-07-02T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/52081-five-ways-that-nafta-2-0-could-impact-your-wine-and-cheese-plate
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Dairy access to Canada and pressure on Mexico to accept biotech crops could support US milk and feed-grain demand, though most provisions are minor for feed buyers.

## Read by commodity

- CORN: neutral
- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2025-11-26 | [State of the Dairy Industry: Cheese, butter “rockin’ out” with record exports \| Dairy Foods](https://feedsoft.ai/events/21957-state-of-the-dairy-industry-cheese-butter-rockin-out-with-record-exports-dairy.md) | -8.1% | -8.3% |
| MILK | 2018-10-01 | [Canadian dollar surges after US and Canada strike deal to replace NAFTA](https://feedsoft.ai/events/62777-canadian-dollar-surges-after-us-and-canada-strike-deal-to-replace-nafta.md) | -1.9% | -3.6% |
| MILK | 2017-03-07 | [Dairy producers buying cheese to bolster milk prices - Brownfield Ag News](https://feedsoft.ai/events/72156-dairy-producers-buying-cheese-to-bolster-milk-prices-brownfield-ag-news.md) | -1.3% | -0.5% |
| MILK | 2019-11-05 | [Chinese dairy consumption is driving world milk prices higher](https://feedsoft.ai/events/10246-chinese-dairy-consumption-is-driving-world-milk-prices-higher.md) | -0.1% | -4.2% |
| MILK | 2018-05-01 | [Class III milk could hit $16 by August](https://feedsoft.ai/events/5126-class-iii-milk-could-hit-16-by-august.md) | +5.4% | +4.6% |
| CORN | 2017-08-09 | [NAFTA Talks and Future Plans](https://feedsoft.ai/events/69422-nafta-talks-and-future-plans.md) | -3.3% | -6.4% |
| CORN | 2024-06-24 | [Next steps on the USMCA corn case: What the panelists should ask \| IATP](https://feedsoft.ai/events/29714-next-steps-on-the-usmca-corn-case-what-the-panelists-should-ask-iatp.md) | -7.2% | -5.0% |
| CORN | 2018-12-31 | [China could play big role in improving U.S. ethanol margins - Brownfield Ag News](https://feedsoft.ai/events/61567-china-could-play-big-role-in-improving-u-s-ethanol-margins-brownfield-ag-news.md) | +1.7% | +2.2% |

## Sources

- thecounter.org: https://thecounter.org/nafta-2-0-usmca-wine-cheese-mexico-parmesan-whiskey-canada-dairy/

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