# IL Corn Celebrates U.S. Mexico Canada Agreement for Trade Entry-into Force

> The USMCA trade agreement entered into force on July 1, 2020, replacing NAFTA. The Illinois Corn Growers Association welcomed it, noting zero tariffs remain on U.S. feed grains, co-products and ethanol. Mexico is the top buyer of U.S. corn and DDGS.

- Date: 2020-06-30 · published 2020-06-30T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/52566-il-corn-celebrates-u-s-mexico-canada-agreement-for-trade-entry-into-force
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Preserved zero tariffs and enforceable standards on feed grains and DDGS support steady U.S. export demand to Mexico, which is supportive for corn and DDGS prices.

## Read by commodity

- CORN: bullish ▲
- DDGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-12-11 | [US ethanol industry welcomes US-Mexico-Canada trade agreement - Biofuels International Magazine](https://feedsoft.ai/events/55575-us-ethanol-industry-welcomes-us-mexico-canada-trade-agreement-biofuels.md) | +5.1% | +4.1% |
| CORN | 2018-10-04 | [New U.S.-Mexico-Canada Agreement Preserves Market Access, Improves Trade Logistics To Top U.S. Grain Markets - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/62508-new-u-s-mexico-canada-agreement-preserves-market-access-improves-trade.md) | -1.5% | -1.1% |
| CORN | 2025-01-01 | [Trade dispute: US can compel Mexico to accept GM corn for its tortillas](https://feedsoft.ai/events/26963-trade-dispute-us-can-compel-mexico-to-accept-gm-corn-for-its-tortillas.md) | -0.5% | +5.7% |
| CORN | 2019-06-19 | [Mexico's Senate approves trade deal with US, Canada \| AP News](https://feedsoft.ai/events/58812-mexico-s-senate-approves-trade-deal-with-us-canada-ap-news.md) | +1.3% | -1.6% |
| CORN | 2018-09-02 | [U.S., Mexico reach agreement on key trade provisions - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/63004-u-s-mexico-reach-agreement-on-key-trade-provisions-agweek-1-source-for.md) | +0.9% | +1.1% |

## Sources

- ilcorn.org: https://www.ilcorn.org/il-corn-celebrates-u-s-mexico-canada-agreement-for-trade-entry-into-force

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