# USDA: New US-Mexico trade agreement supports crop biotechnology previously blocked by Mexico

> USDA Secretary Sonny Perdue welcomed a preliminary US-Mexico trade agreement announced August 27, 2018 as part of the NAFTA renegotiation. The deal includes new agricultural biotechnology language and says it will not block exports of GMO crops from US farms to Mexico.

- Date: 2018-08-29 · published 2018-08-29T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/63507-usda-new-us-mexico-trade-agreement-supports-crop-biotechnology-previously
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Preserving access for biotech corn and other GM crops to Mexico, the largest US corn and DDGS buyer, supports demand for US feed grains and co-products and removes a key source of uncertainty for prices.

## Read by commodity

- SBM: neutral
- CORN: bullish ▲
- DDGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 2020-06-30 | [IL Corn Celebrates U.S. Mexico Canada Agreement for Trade Entry-into Force](https://feedsoft.ai/events/52566-il-corn-celebrates-u-s-mexico-canada-agreement-for-trade-entry-into-force.md) | +3.3% | -1.5% |
| CORN | 2018-08-29 | [US feed associations release joint statement on preliminary trade agreement between US and Mexico - Milling and Grain](https://feedsoft.ai/events/63509-us-feed-associations-release-joint-statement-on-preliminary-trade-agreement.md) | +2.7% | +4.2% |
| 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% |
| SBM | 2025-10-29 | [Comments to USTR on the Review of the U.S.-Mexico Canada Agreement (USMCA) - Public Citizen](https://feedsoft.ai/events/22352-comments-to-ustr-on-the-review-of-the-u-s-mexico-canada-agreement-usmca-public.md) | +3.4% | +2.2% |
| SBM | 2026-03-03 | [US, China trade chiefs to meet mid-March before Trump-Xi summit, Bloomberg News reports \| Reuters](https://feedsoft.ai/events/14597-us-china-trade-chiefs-to-meet-mid-march-before-trump-xi-summit-bloomberg-news.md) | +0.6% | +1.3% |
| SBM | 2017-01-31 | [Trump Puts US Food, Farm Companies on Edge Over Mexico Trade](https://feedsoft.ai/events/72499-trump-puts-us-food-farm-companies-on-edge-over-mexico-trade.md) | -0.5% | -0.5% |

## Sources

- geneticliteracyproject.org: https://geneticliteracyproject.org/2018/08/29/usda-new-us-mexico-trade-agreement-supports-crop-biotechnology-previously-blocked-by-mexico/

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