# Cheers for USMCA, but ag concerns persist | 2020-06-30  | Agri-Pulse Communications, Inc.

> US lawmakers and farm groups welcomed the USMCA's implementation on July 1, which keeps agricultural trade virtually tariff-free among the three countries. Senator Grassley flagged that Mexico has not approved a new biotech ag trait since May 2018, with 18 traits in the queue.

- Date: 2020-07-01 · published 2020-07-01T12:00:00.000Z
- Category: trade · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/52082-cheers-for-usmca-but-ag-concerns-persist-2020-06-30-agri-pulse-communications
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Stalled Mexican biotech approvals threaten US corn and soy export access to a key buyer, which could weigh on US grain prices if the dispute escalates.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-05-23 | [Farm groups cheer aid, but want end to trade war \| 2019-05-23 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/59177-farm-groups-cheer-aid-but-want-end-to-trade-war-2019-05-23-agri-pulse-agri.md) | +3.7% | +7.9% |
| CORN | 2021-08-04 | [USTR pushing Mexico on biotech; still formulating China plan \| 2021-08-04  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/45530-ustr-pushing-mexico-on-biotech-still-formulating-china-plan-2021-08-04-agri.md) | -1.0% | -3.1% |
| CORN | 2025-04-09 | [As new tariffs kick in, what do they mean for U.S. ag?  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/25448-as-new-tariffs-kick-in-what-do-they-mean-for-u-s-ag-agri-pulse-communications.md) | +3.4% | -2.3% |
| CORN | 2019-10-02 | [It’s not just China: US growers face long-term challenges \| 2019-10-01  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/56550-it-s-not-just-china-us-growers-face-long-term-challenges-2019-10-01-agri-pulse.md) | +2.2% | -1.0% |
| CORN | 2017-10-25 | [Mexican grain buyers haven’t given up on the US … yet \| 2017-10-25 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/68430-mexican-grain-buyers-haven-t-given-up-on-the-us-yet-2017-10-25-agri-pulse-agri.md) | -1.4% | -5.3% |
| SOY | 2019-05-23 | [Farm groups cheer aid, but want end to trade war \| 2019-05-23 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/59177-farm-groups-cheer-aid-but-want-end-to-trade-war-2019-05-23-agri-pulse-agri.md) | +7.3% | +10.5% |
| SOY | 2021-08-04 | [USTR pushing Mexico on biotech; still formulating China plan \| 2021-08-04  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/45530-ustr-pushing-mexico-on-biotech-still-formulating-china-plan-2021-08-04-agri.md) | +4.0% | -6.7% |
| SOY | 2025-04-09 | [As new tariffs kick in, what do they mean for U.S. ag?  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/25448-as-new-tariffs-kick-in-what-do-they-mean-for-u-s-ag-agri-pulse-communications.md) | +4.4% | +3.8% |

## Sources

- agri-pulse.com: https://www.agri-pulse.com/articles/14010-cheers-for-usmca-but-ag-concerns-persist

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