# U.S., Mexico reach agreement on key trade provisions - Agweek | #1 source for agriculture news, farming, markets

> President Trump said the US and Mexico resolved key obstacles to a renegotiated NAFTA, to be called the U.S.-Mexico Trade Agreement, and that Canada may be left out. The deal keeps zero tariffs on farm goods between the two countries.

- Date: 2018-09-02 · published 2018-09-02T12:00:00.000Z
- Category: trade · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/63004-u-s-mexico-reach-agreement-on-key-trade-provisions-agweek-1-source-for
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Preserving duty-free access to Mexico protects US grain, oilseed and meal export demand, which is supportive for feed prices, while Canada's exclusion adds trade uncertainty.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- USDMXN: bullish ▲
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-08-30 | [Demand provides strength to grain markets - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/28820-demand-provides-strength-to-grain-markets-agweek-1-source-for-agriculture-news.md) | +4.1% | +5.9% |
| CORN | 2016-11-28 | [Soybeans rise 1.2 percent on strong U.S. exports, weaker dollar - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/73899-soybeans-rise-1-2-percent-on-strong-u-s-exports-weaker-dollar-agweek-1-source.md) | -3.4% | -1.4% |
| CORN | 2019-01-20 | [Even slightly bullish news gives markets some movement - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/12388-even-slightly-bullish-news-gives-markets-some-movement-agweek-1-source-for.md) | -0.3% | +0.6% |
| CORN | 2016-08-18 | [Exports support soy; corn, wheat rise on short-covering - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/12516-exports-support-soy-corn-wheat-rise-on-short-covering-agweek-1-source-for.md) | -0.8% | -3.2% |
| CORN | 2018-08-20 | [Farmers ponder grain tariff counter-moves - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/63517-farmers-ponder-grain-tariff-counter-moves-agweek-1-source-for-agriculture-news.md) | -2.8% | -4.9% |
| SOY | 2024-08-30 | [Demand provides strength to grain markets - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/28820-demand-provides-strength-to-grain-markets-agweek-1-source-for-agriculture-news.md) | +1.6% | +9.4% |
| SOY | 2016-11-28 | [Soybeans rise 1.2 percent on strong U.S. exports, weaker dollar - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/73899-soybeans-rise-1-2-percent-on-strong-u-s-exports-weaker-dollar-agweek-1-source.md) | -1.8% | -5.4% |
| SOY | 2018-12-13 | [USDA confirms sale of 1.13 million tons of soybeans to China - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/61445-usda-confirms-sale-of-1-13-million-tons-of-soybeans-to-china-agweek-1-source.md) | -2.2% | -2.3% |

## Sources

- agweek.com: https://www.agweek.com/opinion/u-s-mexico-reach-agreement-on-key-trade-provisions

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