# Mexico Buys Corn From Argentina:  Transaction Triggered by  Trump’s Threats

> Mexico is sending a 16-agency government delegation to Argentina to negotiate prices and contracts for yellow corn, soybeans, wheat and rice as an alternative to US supply. Adecoagro has already sold 38,000 tonnes to Mexico for August shipment, and a Mexican senator has proposed legislation to cut US corn purchases.

- Date: 2017-05-07 · published 2017-05-07T12:00:00.000Z
- Category: trade · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/70982-mexico-buys-corn-from-argentina-transaction-triggered-by-trump-s-threats
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Diversification of Mexican grain purchases toward Argentina threatens US corn and soybean export demand, a bearish factor if the shift becomes sustained.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-07-27 | [Mexico: An Important Trade Destination for U.S. Corn](https://feedsoft.ai/events/35018-mexico-an-important-trade-destination-for-u-s-corn.md) | -13.2% | -14.2% |
| CORN | 2017-03-27 | [Calling Donald Trump’s anti-NAFTA bluff, Mexico is looking to get its corn from elsewhere](https://feedsoft.ai/events/71979-calling-donald-trump-s-anti-nafta-bluff-mexico-is-looking-to-get-its-corn-from.md) | +1.6% | +1.0% |
| CORN | 2024-11-26 | [Corn, Soybeans Ease as Market Digests Trump Tariff Threats](https://feedsoft.ai/events/6059-corn-soybeans-ease-as-market-digests-trump-tariff-threats.md) | -0.6% | +4.7% |
| CORN | 2017-02-23 | [Trump’s threatened ‘trade war’ with Mexico could undermine US GMO corn market - Genetic Literacy Project](https://feedsoft.ai/events/72494-trump-s-threatened-trade-war-with-mexico-could-undermine-us-gmo-corn-market.md) | +1.1% | -2.2% |
| CORN | 2022-11-29 | [U.S. threatens legal steps over Mexico's planned GMO corn ban](https://feedsoft.ai/events/38654-u-s-threatens-legal-steps-over-mexico-s-planned-gmo-corn-ban.md) | -3.8% | +0.6% |
| SOY | 2018-06-01 | [COFCO buys U.S. soybeans but new Trump threats make China buyers nervous](https://feedsoft.ai/events/64394-cofco-buys-u-s-soybeans-but-new-trump-threats-make-china-buyers-nervous.md) | -4.3% | -15.4% |
| SOY | 2024-11-26 | [Corn, Soybeans Ease as Market Digests Trump Tariff Threats](https://feedsoft.ai/events/6059-corn-soybeans-ease-as-market-digests-trump-tariff-threats.md) | +0.6% | -1.1% |
| SOY | 2025-08-29 | [China boosts soybean buys from Argentina, Uruguay amid US trade war, sources say \| Reuters](https://feedsoft.ai/events/14639-china-boosts-soybean-buys-from-argentina-uruguay-amid-us-trade-war-sources-say.md) | -2.1% | -1.4% |

## Sources

- huffpost.com: https://www.huffpost.com/entry/mexico-buys-corn-from-argentina-transaction-triggered_b_590e68bee4b046ea176aec0b

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