# Mexico buys cheaper Brazil corn as NAFTA talks loom: official

> Mexico expects to import a record 300,000 tonnes of Brazilian yellow corn this year after its livestock producers negotiated prices only $3 to $5 per tonne above US corn. This compares with 12.75 million tonnes imported from the US last year.

- Date: 2017-05-19 · published 2017-05-19T12:00:00.000Z
- Category: trade · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/70979-mexico-buys-cheaper-brazil-corn-as-nafta-talks-loom-official
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Cheaper Brazilian corn trims Mexico's demand for US corn at the margin, a bearish signal for US corn exports though the volume is small relative to US sales.

## Read by commodity

- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-11-09 | [Mexico not buying U.S. yellow corn as GM ban looms, Lopez Obrador says \| Reuters](https://feedsoft.ai/events/38652-mexico-not-buying-u-s-yellow-corn-as-gm-ban-looms-lopez-obrador-says-reuters.md) | +1.6% | -5.7% |
| CORN | 2017-07-07 | [Japan Edges Mexico for No. 1 Spot as U.S. Corn Buyer](https://feedsoft.ai/events/69913-japan-edges-mexico-for-no-1-spot-as-u-s-corn-buyer.md) | -4.4% | -3.6% |
| CORN | 2018-03-19 | [Mexican buyers imported ten times more corn from Brazil \| Ped ...](https://feedsoft.ai/events/65979-mexican-buyers-imported-ten-times-more-corn-from-brazil-ped.md) | -1.2% | +2.7% |
| CORN | 2023-05-15 | [China May Cancel More US Corn in Shift to Cheaper Brazil Cargoes](https://feedsoft.ai/events/14844-china-may-cancel-more-us-corn-in-shift-to-cheaper-brazil-cargoes.md) | -8.8% | -9.3% |
| CORN | 2023-03-06 | [U.S. demands formal talks with Mexico over GMO corn dispute](https://feedsoft.ai/events/36834-u-s-demands-formal-talks-with-mexico-over-gmo-corn-dispute.md) | -1.2% | +1.1% |

## Sources

- reuters.com: https://www.reuters.com/article/us-usa-trade-mexico-south-america-idUSKCN18F005/

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