# Technical Progress Made In Mexico During Seventh NAFTA Round - U.S. Grains & BioProducts Council

> The seventh NAFTA modernization round was held in Mexico City from February 25 to March 4, with negotiators closing the good regulatory practices chapter and finishing the SPS measures chapter. Talks may continue informally. US Grains Council staff noted new uncertainty from proposed US steel and aluminum tariffs affecting Mexico and Canada.

- Date: 2018-03-08 · published 2018-03-08T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/65980-technical-progress-made-in-mexico-during-seventh-nafta-round-u-s-grains-and
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Progress on NAFTA lowers the risk of disruption to US grain exports to Mexico, but tariff uncertainty keeps a risk premium on trade flows. The net price effect is small for now.

## Read by commodity

- SOY: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-01-25 | [Council Engaged In NAFTA Talks During Latest Round in Montreal - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/66940-council-engaged-in-nafta-talks-during-latest-round-in-montreal-u-s-grains-and.md) | +0.1% | +0.8% |
| CORN | 2020-03-12 | [Risk Management Roadshow Explores Expanded Trade Options In Mexico - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/54106-risk-management-roadshow-explores-expanded-trade-options-in-mexico-u-s-grains.md) | -7.4% | -3.7% |
| CORN | 2020-08-06 | [Mexican Seminars Cover Best Practices For Grain Handling, Processing - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/51589-mexican-seminars-cover-best-practices-for-grain-handling-processing-u-s-grains.md) | +1.4% | +8.8% |
| CORN | 2018-11-08 | [ICYMI: Grains Leadership Meets Customers, New Administration Officials In Mexico - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/62021-icymi-grains-leadership-meets-customers-new-administration-officials-in-mexico.md) | -6.8% | -0.4% |
| CORN | 2020-05-28 | [Tracking Exports Of Grains In All Forms Captures Holistic Value Of Trade - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/53121-tracking-exports-of-grains-in-all-forms-captures-holistic-value-of-trade-u-s.md) | +1.0% | +1.7% |
| SOY | 2024-10-31 | [Market Perspectives - October 31, 2024 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/27947-market-perspectives-october-31-2024-u-s-grains-and-bioproducts-council.md) | +1.8% | +1.3% |
| SOY | 2025-08-28 | [What Role Do Farm Products Have in U.S.-China Trade Deal?](https://feedsoft.ai/events/14641-what-role-do-farm-products-have-in-u-s-china-trade-deal.md) | -1.5% | -1.5% |
| SOY | 2021-09-01 | [China’s bumper harvest may cool corn-buying binge, impact progress of US trade deal \| South China Morning Post](https://feedsoft.ai/events/44955-china-s-bumper-harvest-may-cool-corn-buying-binge-impact-progress-of-us-trade.md) | -2.2% | -1.2% |

## Sources

- grains.org: https://grains.org/technical-progress-made-in-mexico-during-seventh-nafta-round/

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