# Mexico President-Elect Pledges Commitment To NAFTA - U.S. Soybean Export Council

> López Obrador won Mexico's presidential election on July 1 with over 53 percent of the vote and his MORENA party secured majorities in both chambers. He pledged absolute support for NAFTA and a respectful renegotiation, and the peso rallied 2.4 percent afterward.

- Date: 2018-07-09 · published 2018-07-09T12:00:00.000Z
- Category: policy · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/64006-mexico-president-elect-pledges-commitment-to-nafta-u-s-soybean-export-council
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Reassurance on NAFTA lowers the risk of a sharp cut in Mexican demand for US corn, DDGS and soy products, which supports export demand. The stronger peso also makes US feed imports cheaper for Mexican buyers.

## Read by commodity

- SBM: neutral
- CORN: bullish ▲
- USDMXN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-11-12 | [State Council planning more measures to restore nation's hog production](https://feedsoft.ai/events/56059-state-council-planning-more-measures-to-restore-nation-s-hog-production.md) | -0.5% | -2.9% |
| CORN | 2026-06-01 | [Latest U.S.-China Agriculture Talks Expand Purchasing Pledges Beyond Soybeans](https://feedsoft.ai/events/14569-latest-u-s-china-agriculture-talks-expand-purchasing-pledges-beyond-soybeans.md) | -5.0% | -5.7% |
| CORN | 2024-11-28 | [Mexico president touts friendly Trump call, looks to ease tariff tensions](https://feedsoft.ai/events/27634-mexico-president-touts-friendly-trump-call-looks-to-ease-tariff-tensions.md) | +1.1% | +6.9% |
| CORN | 2024-04-12 | [Mexico Postpones U.S. Corn Ban - Seed World](https://feedsoft.ai/events/30703-mexico-postpones-u-s-corn-ban-seed-world.md) | -0.2% | +1.2% |
| CORN | 2019-12-24 | [Argentina raise taxes on corn, wheat and soybean exports \| Farm Online \| ACT](https://feedsoft.ai/events/55425-argentina-raise-taxes-on-corn-wheat-and-soybean-exports-farm-online-act.md) | -0.2% | +0.6% |
| SBM | 2025-09-25 | [U.S. grains: Soybean futures edge up as Argentina ends export tax waiver \| Farmtario](https://feedsoft.ai/events/13833-u-s-grains-soybean-futures-edge-up-as-argentina-ends-export-tax-waiver-farmtario.md) | -2.4% | +5.8% |
| SBM | 2026-01-13 | [To unlock growth, Argentina should reduce its export taxes - Atlantic Council](https://feedsoft.ai/events/13815-to-unlock-growth-argentina-should-reduce-its-export-taxes-atlantic-council.md) | -1.9% | +1.2% |
| SBM | 2021-08-18 | [Biden push to cut emissions likely to pressure US soybean oil supply in coming years \| S&P Global](https://feedsoft.ai/events/45652-biden-push-to-cut-emissions-likely-to-pressure-us-soybean-oil-supply-in-coming.md) | -1.5% | -3.7% |

## Sources

- ussec.org: https://ussec.org/news/mexico-president-elect-pledges-commitment-nafta/

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