# USTR on Export Status and China Approves 2 More GMOs - AG INFORMATION NETWORK OF THE WEST

> The USTR's 18-page negotiating summary for NAFTA renegotiation lists maintaining duty-free access for U.S. agricultural exports to Mexico and Canada as a key objective, with U.S. ag exports to Mexico worth about $19 billion annually. China approved two more GMO products, Syngenta's Agrisure Duracade corn and Monsanto's Roundup Ready corn, leaving four applications pending.

- Date: 2017-07-24 · published 2017-07-24T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/69911-ustr-on-export-status-and-china-approves-2-more-gmos-ag-information-network-of
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Preserving duty-free access protects a major export outlet for corn, soybeans and livestock products, supporting U.S. demand. China's GMO approvals ease a trade barrier for U.S. corn exports, modestly supportive for corn prices.

## Read by commodity

- SOY: neutral
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-06-15 | [Lifting Tariffs on China - AG INFORMATION NETWORK OF THE WEST](https://feedsoft.ai/events/14925-lifting-tariffs-on-china-ag-information-network-of-the-west.md) | -1.6% | +0.4% |
| CORN | 2017-12-01 | [China Boosts U.S. Corn Imports and Good Time for Farm Bill Negotiations - AG INFORMATION NETWORK OF THE WEST](https://feedsoft.ai/events/67343-china-boosts-u-s-corn-imports-and-good-time-for-farm-bill-negotiations-ag.md) | +0.4% | +6.2% |
| CORN | 2017-07-11 | [Retail Egg Prices Reach New Lows and Another Soda Tax - AG INFORMATION NETWORK OF THE WEST](https://feedsoft.ai/events/69968-retail-egg-prices-reach-new-lows-and-another-soda-tax-ag-information-network-of.md) | -4.3% | -4.6% |
| 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 | 2018-05-23 | [US seeks to more than double ag exports in talks with China \| 2018-05-23 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/64911-us-seeks-to-more-than-double-ag-exports-in-talks-with-china-2018-05-23-agri.md) | -0.5% | -8.5% |
| SOY | 2019-04-24 | [Argentina touts its soymeal in China, seeking import approval \| The Western Producer](https://feedsoft.ai/events/59436-argentina-touts-its-soymeal-in-china-seeking-import-approval-the-western.md) | -2.4% | -4.6% |
| SOY | 2023-10-02 | [Sorghum, soybean export inspections up on week - Brownfield Ag News](https://feedsoft.ai/events/33685-sorghum-soybean-export-inspections-up-on-week-brownfield-ag-news.md) | -0.7% | +1.7% |
| SOY | 2018-02-20 | [U.S. soybean exports in prime spot for China buys - Morning Ag Clips](https://feedsoft.ai/events/66494-u-s-soybean-exports-in-prime-spot-for-china-buys-morning-ag-clips.md) | +1.2% | +0.1% |

## Sources

- aginfo.net: https://www.aginfo.net/report/37623/The-Agribusiness-Update/USTR-on-Export-Status-and-China-Approves-2-More-GMOs

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