# Mexico plots open trade course to escape Trump's NAFTA threats

> Mexico is planning to diversify its agricultural import sources in response to threats from the Trump administration during NAFTA renegotiations. The country is targeting U.S. corn imports, worth about $2.6 billion annually, and is exploring substitute supplies from Brazil and Argentina.

- Date: 2017-12-15 · published 2017-12-15T12:00:00.000Z
- Category: geopolitics · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/67438-mexico-plots-open-trade-course-to-escape-trump-s-nafta-threats
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

If Mexico shifts corn purchases away from the U.S., it would reduce U.S. export demand and could pressure U.S. corn prices, while supporting South American corn exports. The effect depends on how far the diversification actually proceeds.

## Read by commodity

- CORN: bearish ▼
- DDGS: bearish ▼
- SORGHUM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-05-03 | [Pro-Trump farmers worry they'll lose lucrative GMO corn exports to Mexico if president rolls back NAFTA - Genetic Literacy Project](https://feedsoft.ai/events/70976-pro-trump-farmers-worry-they-ll-lose-lucrative-gmo-corn-exports-to-mexico-if.md) | +0.5% | +1.2% |
| CORN | 2019-05-31 | [Target Trump's base if trade spat worsens, Mexican farm lobby says \| Farmtario](https://feedsoft.ai/events/59076-target-trump-s-base-if-trade-spat-worsens-mexican-farm-lobby-says-farmtario.md) | -2.5% | +3.0% |
| CORN | 2017-01-26 | [Peso falls to session lows after meeting between US and Mexico presidents falls through](https://feedsoft.ai/events/73207-peso-falls-to-session-lows-after-meeting-between-us-and-mexico-presidents-falls.md) | +1.9% | +1.7% |
| CORN | 2022-05-06 | [WFP appeals for re-opening of Ukraine ports to avert looming famine threat \| UN News](https://feedsoft.ai/events/14491-wfp-appeals-for-re-opening-of-ukraine-ports-to-avert-looming-famine-threat-un.md) | +6.7% | -0.1% |
| CORN | 2022-03-17 | [U.S. grains: May wheats limit-down as peace talks progress - Manitoba Co-operator](https://feedsoft.ai/events/9944-u-s-grains-may-wheats-limit-down-as-peace-talks-progress-manitoba-co-operator.md) | +2.8% | +7.8% |

## Sources

- reuters.com: https://www.reuters.com/article/us-trade-nafta-mexico/mexico-plots-open-trade-course-to-escape-trumps-nafta-threats-idUSKBN1E915C/

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