# More ships with Brazilian corn arrive in Mexico | WATTAgNet | WATTPoultry.com

> Brazilian corn vessels continue to move to Veracruz, Mexico, according to the USGC weekly report. The article notes Trump's announcement of 5% tariffs on all Mexican goods, rising to 25% within about two months. The author suggests Mexico could respond by buying grain from other origins.

- Date: 2019-05-31 · published 2019-05-31T12:00:00.000Z
- Category: trade · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/59074-more-ships-with-brazilian-corn-arrive-in-mexico-wattagnet-wattpoultry-com
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

Mexico shifting corn purchases to Brazil would cut US export demand, while tariff threats could raise the cost of Mexican imports. This makes Brazilian corn a competitive substitute for US yellow corn in Mexico.

## Read by commodity

- CORN: bearish ▼
- USDMXN: bearish ▼
- CHICKEN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-03-19 | [Mexican buyers imported ten times more corn from Brazil \| Ped ...](https://feedsoft.ai/events/65979-mexican-buyers-imported-ten-times-more-corn-from-brazil-ped.md) | -1.2% | +2.7% |
| CORN | 2023-05-15 | [China May Cancel More US Corn in Shift to Cheaper Brazil Cargoes](https://feedsoft.ai/events/14844-china-may-cancel-more-us-corn-in-shift-to-cheaper-brazil-cargoes.md) | -8.8% | -9.3% |
| CORN | 2021-03-08 | [Trouble in Mexico’s Corn Market](https://feedsoft.ai/events/48115-trouble-in-mexico-s-corn-market.md) | +2.7% | +3.0% |
| CORN | 2017-06-05 | [Argentine corn exports set to compete hard with Brazil, U.S.](https://feedsoft.ai/events/70519-argentine-corn-exports-set-to-compete-hard-with-brazil-u-s.md) | +2.4% | -0.6% |
| CORN | 2017-03-29 | [Mexico's bargaining chips with Trump? How about a corn boycott - Los Angeles Times](https://feedsoft.ai/events/71976-mexico-s-bargaining-chips-with-trump-how-about-a-corn-boycott-los-angeles-times.md) | +0.8% | +0.4% |

## Sources

- wattagnet.com: https://www.wattagnet.com/blogs/blog/15528587/more-ships-with-brazilian-corn-arrive-in-mexico-wattagnet

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