# U.S. Farmers Fear Shift in Mexican Corn Imports – Food Tank

> Mexican Senator Armando Rios Piter has introduced a bill to replace US corn imports with supplies from Brazil and Argentina, citing a possible 20% import tax. Mexico's CCE business council also said it will seek alternative imported soy, corn and wheat sources amid NAFTA renegotiation concerns. The article notes that Mexico accounted for over 25% of US corn exports in 2015-2016.

- Date: 2017-03-28 · published 2017-03-28T12:00:00.000Z
- Category: trade · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/71978-u-s-farmers-fear-shift-in-mexican-corn-imports-food-tank
- 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

Losing a large share of Mexican demand would weigh on US corn export volumes and prices, with Midwest farm incomes most exposed.

## 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 | 2023-12-19 | [Mexico set to ban imports of genetically modified U.S. corn](https://feedsoft.ai/events/32692-mexico-set-to-ban-imports-of-genetically-modified-u-s-corn.md) | +1.6% | -1.9% |
| CORN | 2023-09-22 | [Mexico researchers show progress on drive to replace U.S. corn imports](https://feedsoft.ai/events/34070-mexico-researchers-show-progress-on-drive-to-replace-u-s-corn-imports.md) | +1.4% | +3.0% |
| CORN | 2020-06-03 | [Mexico is ready to retaliate to injure American corn farmers](https://feedsoft.ai/events/52568-mexico-is-ready-to-retaliate-to-injure-american-corn-farmers.md) | +0.9% | +3.2% |
| CORN | 2019-05-31 | [Mexican Tariffs Pose Threat for Texas Corn Farmers - Texas Corn Producers](https://feedsoft.ai/events/59072-mexican-tariffs-pose-threat-for-texas-corn-farmers-texas-corn-producers.md) | -2.5% | +3.0% |
| SOY | 2020-12-01 | [China Targets U.S. Farm Imports With Tariffs \| Feed & Grain](https://feedsoft.ai/events/49501-china-targets-u-s-farm-imports-with-tariffs-feed-and-grain.md) | -0.9% | +10.9% |
| SOY | 2020-11-20 | [China Targets U.S. Farm Imports With Tariffs on Soy, Corn - Pork Business](https://feedsoft.ai/events/50015-china-targets-u-s-farm-imports-with-tariffs-on-soy-corn-pork-business.md) | +1.2% | +3.6% |
| SOY | 2019-03-06 | [Mexican farmers urge 'mirror' tariffs on Trump's rural base](https://feedsoft.ai/events/60064-mexican-farmers-urge-mirror-tariffs-on-trump-s-rural-base.md) | -1.8% | -0.1% |

## Sources

- foodtank.com: https://foodtank.com/news/2017/03/u-s-farmers-fear-shift-mexican-corn-imports/

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