# Mexico is ready to retaliate to injure American corn farmers

> A Mexican senator said he would introduce a bill to shift corn purchases from the Midwest to Brazil and Argentina as retaliation against U.S. threats. Analysts warned that a trade war would hit the U.S. corn market.

- Date: 2020-06-03 · published 2020-06-03T12:00:00.000Z
- Category: trade · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/52568-mexico-is-ready-to-retaliate-to-injure-american-corn-farmers
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

A proposed diversion of Mexico's large U.S. corn purchases would be bearish for U.S. corn and DDGS, though the bill is only a proposal and its passage is uncertain.

## Read by commodity

- CORN: bearish ▼
- DDGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-04-02 | [Mexico Ready to Play the Corn Card in Trade Talks](https://feedsoft.ai/events/71458-mexico-ready-to-play-the-corn-card-in-trade-talks.md) | -0.9% | +1.5% |
| CORN | 2017-03-28 | [U.S. Farmers Fear Shift in Mexican Corn Imports – Food Tank](https://feedsoft.ai/events/71978-u-s-farmers-fear-shift-in-mexican-corn-imports-food-tank.md) | +1.9% | +1.8% |
| CORN | 2018-06-09 | [Trade-War Drums: Is Mexico Ready to Fire at the US Corn Belt? \| Wolf Street](https://feedsoft.ai/events/64507-trade-war-drums-is-mexico-ready-to-fire-at-the-us-corn-belt-wolf-street.md) | -3.5% | -5.6% |
| CORN | 2019-05-31 | [Mexican Tariffs Pose Threat for Texas Corn Farmers - Texas Corn Producers](https://feedsoft.ai/events/59072-mexican-tariffs-pose-threat-for-texas-corn-farmers-texas-corn-producers.md) | -2.5% | +3.0% |
| CORN | 2023-04-06 | [After growing GM corn for decades, some US farmers open to Mexican restrictions \| Reuters](https://feedsoft.ai/events/36378-after-growing-gm-corn-for-decades-some-us-farmers-open-to-mexican-restrictions.md) | -0.4% | -2.0% |

## Sources

- prudentpressagency.com: https://www.prudentpressagency.com/mexico-is-ready-to-retaliate-to-injure-american-corn-farmers/

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