# Mexican Tariffs Pose Threat for Texas Corn Farmers - Texas Corn Producers

> The Texas Corn Producers Association criticized President Trump's announced tariffs on all Mexican imports, set to begin June 10. The group noted Mexico took $3.3 billion in U.S. corn and corn product exports in 2017/2018, with a record 618 million bushels of corn exports. Mexico was also the largest importer of U.S. DDGS that year.

- Date: 2019-05-31 · published 2019-05-31T12:00:00.000Z
- Category: trade · region Mexico · magnitude high
- Page: https://feedsoft.ai/events/59072-mexican-tariffs-pose-threat-for-texas-corn-farmers-texas-corn-producers
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Tariffs on Mexico threaten the largest US corn export market and DDGS demand, which would pressure cash corn and feed co-product prices. Mexico could retaliate against US farm goods, adding further downside risk.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼
- DDGS: bearish ▼
- USDMXN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-03-06 | [Mexican farmers urge 'mirror' tariffs on Trump's rural base](https://feedsoft.ai/events/60064-mexican-farmers-urge-mirror-tariffs-on-trump-s-rural-base.md) | -1.7% | -1.5% |
| CORN | 2018-04-04 | [China Tariff Threat Prompts U.S. Farmers to Weigh Changes](https://feedsoft.ai/events/65377-china-tariff-threat-prompts-u-s-farmers-to-weigh-changes.md) | +0.2% | +1.9% |
| 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 | 2020-06-03 | [Mexico is ready to retaliate to injure American corn farmers](https://feedsoft.ai/events/52568-mexico-is-ready-to-retaliate-to-injure-american-corn-farmers.md) | +0.9% | +3.2% |
| CORN | 2021-10-08 | [Mexico quietly rejects application for GMO corn imports - Pro Farmer](https://feedsoft.ai/events/44534-mexico-quietly-rejects-application-for-gmo-corn-imports-pro-farmer.md) | -2.4% | +6.0% |
| SBM | 2018-03-29 | [Chinese soybean tariffs would hurt U.S. soybean farmers](https://feedsoft.ai/events/65865-chinese-soybean-tariffs-would-hurt-u-s-soybean-farmers.md) | +3.3% | +2.1% |
| SBM | 2019-05-30 | [China Halts U.S. Soybean Purchases, While USMCA Prospects Unfold Under a new Threat of Tariffs on Mexico - Farm Policy News](https://feedsoft.ai/events/58950-china-halts-u-s-soybean-purchases-while-usmca-prospects-unfold-under-a-new.md) | -0.4% | -1.8% |
| SBM | 2017-02-07 | [Trade Policy Uncertainty: Lingering Concern for Farmers - Farm Policy News](https://feedsoft.ai/events/72478-trade-policy-uncertainty-lingering-concern-for-farmers-farm-policy-news.md) | +3.1% | -1.8% |

## Sources

- texascorn.org: https://texascorn.org/mexican-tariffs-pose-threat-for-texas-corn-farmers/

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