# Mexico, U.S. ag groups push for NAFTA modernization, not renegotiation | World-grain.com | May 17, 2017 14:47 | World Grain

> US grain groups and the Nebraska governor pressed for NAFTA modernization rather than renegotiation, while meeting a Mexican trade delegation that represents about 80% of Mexico's grain demand. The Mexican delegate warned that taxing US grain would make it unattractive and said Mexico is considering Brazil.

- Date: 2017-05-17 · published 2017-05-17T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/70981-mexico-u-s-ag-groups-push-for-nafta-modernization-not-renegotiation-world-grain
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Mexico's stated willingness to shift to Brazilian grain if US supply is taxed signals downside risk to US corn and soybean export demand unless the trade deal is stabilized.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-01-05 | [Ukraine ports to set record for grain handling \| World-grain.com \| January 05, 2017 14:53 \| World Grain](https://feedsoft.ai/events/72848-ukraine-ports-to-set-record-for-grain-handling-world-grain-com-january-05-2017.md) | +1.2% | +4.2% |
| CORN | 2023-06-06 | [US takes next step in Mexico GM corn fight \| World Grain](https://feedsoft.ai/events/35485-us-takes-next-step-in-mexico-gm-corn-fight-world-grain.md) | +5.1% | -3.8% |
| CORN | 2017-05-03 | [U.S. farm groups seek trade stability amid turbulence over NAFTA \| 2017-05-03 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/70980-u-s-farm-groups-seek-trade-stability-amid-turbulence-over-nafta-2017-05-03-agri.md) | +0.5% | +1.2% |
| CORN | 2023-08-17 | [Report: US-Mexico GM corn fight intensifies \| World Grain](https://feedsoft.ai/events/34541-report-us-mexico-gm-corn-fight-intensifies-world-grain.md) | +1.2% | -1.4% |
| CORN | 2023-04-20 | [National Corn Growers want a formal dispute on Mexico's corn ban - Brownfield Ag News](https://feedsoft.ai/events/36385-national-corn-growers-want-a-formal-dispute-on-mexico-s-corn-ban-brownfield-ag.md) | -1.0% | -9.9% |
| SOY | 2025-04-16 | [Dry Weekly Market Monitor: Grain Dry Bulk Flows (Brazil Vs U.S.A) \| World Ports Organization](https://feedsoft.ai/events/16950-dry-weekly-market-monitor-grain-dry-bulk-flows-brazil-vs-u-s-a-world-ports.md) | +0.4% | +3.0% |
| SOY | 2017-05-03 | [U.S. farm groups seek trade stability amid turbulence over NAFTA \| 2017-05-03 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/70980-u-s-farm-groups-seek-trade-stability-amid-turbulence-over-nafta-2017-05-03-agri.md) | +0.8% | -4.4% |
| SOY | 2017-10-25 | [Mexican grain buyers haven’t given up on the US … yet \| 2017-10-25 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/68430-mexican-grain-buyers-haven-t-given-up-on-the-us-yet-2017-10-25-agri-pulse-agri.md) | -0.2% | +1.4% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/8144-mexico-u-s-ag-groups-push-for-nafta-modernization-not-renegotiation

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