# US feed associations release joint statement on preliminary trade agreement between US and Mexico - Milling and Grain

> The National Grain and Feed Association and North American Export Grain Association welcomed the preliminary US-Mexico trade agreement. They said it retains zero tariffs on agricultural products, adds biotechnology cooperation language, and strengthens SPS disciplines and grain grading independence.

- Date: 2018-08-29 · published 2018-08-29T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/63509-us-feed-associations-release-joint-statement-on-preliminary-trade-agreement
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Retention of zero tariffs and grading provisions keeps grain and oilseed flows to Mexico competitive, supporting export demand for US feed grains and meal.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-10-23 | [USTR and USDA Release Report on Agricultural Trade between the United States and China \| United States Trade Representative](https://feedsoft.ai/events/50499-ustr-and-usda-release-report-on-agricultural-trade-between-the-united-states.md) | +0.8% | +10.6% |
| 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% |
| 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 | [USDA: New US-Mexico trade agreement supports crop biotechnology previously blocked by Mexico](https://feedsoft.ai/events/63507-usda-new-us-mexico-trade-agreement-supports-crop-biotechnology-previously.md) | +2.7% | +4.2% |
| CORN | 2017-03-07 | [Record Upsurge in U.S. Ethanol Heading to Brazil Dominates January Trade Picture; Distillers Grains Exports Building - Renewable Fuels Association](https://feedsoft.ai/events/71985-record-upsurge-in-u-s-ethanol-heading-to-brazil-dominates-january-trade-picture.md) | -2.2% | -0.2% |
| SBM | 2020-10-23 | [USTR and USDA Release Report on Agricultural Trade between the United States and China \| United States Trade Representative](https://feedsoft.ai/events/50499-ustr-and-usda-release-report-on-agricultural-trade-between-the-united-states.md) | -1.4% | +3.0% |
| SBM | 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) | +4.0% | +2.2% |
| SBM | 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% | -0.4% |

## Sources

- millingandgrain.com: https://millingandgrain.com/us-feed-associations-release-joint-statement-on-preliminary-trade-agreement-between-us-and-mexico-18730/

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