# Calling Donald Trump’s anti-NAFTA bluff, Mexico is looking to get its corn from elsewhere

> Mexico's deputy economy minister confirmed talks with Argentina and Brazil to create duty-free corn import arrangements. Mexico currently sources about 98% of its corn from the US, which exports more than $2.5 billion of corn there annually. Brazil produced 91.5 million tons of corn in 2016 and exports a third of it.

- Date: 2017-03-27 · published 2017-03-27T12:00:00.000Z
- Category: trade · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/71979-calling-donald-trump-s-anti-nafta-bluff-mexico-is-looking-to-get-its-corn-from
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Duty-free South American corn would directly compete with US supplies in Mexico's market, threatening US export volumes and prices.

## Read by commodity

- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-02-27 | [Mexico is fighting to keep U.S. corn out of its tortillas \| National Geographic](https://feedsoft.ai/events/31644-mexico-is-fighting-to-keep-u-s-corn-out-of-its-tortillas-national-geographic.md) | +4.6% | +6.4% |
| CORN | 2017-05-07 | [Mexico Buys Corn From Argentina:  Transaction Triggered by  Trump’s Threats](https://feedsoft.ai/events/70982-mexico-buys-corn-from-argentina-transaction-triggered-by-trump-s-threats.md) | +1.5% | +2.5% |
| CORN | 2017-06-16 | [U.S. Exports to Mexico Fall as Uncertainty Over Nafta Lingers](https://feedsoft.ai/events/70469-u-s-exports-to-mexico-fall-as-uncertainty-over-nafta-lingers.md) | -3.5% | -2.6% |
| CORN | 2023-05-16 | [As Mexico Continues to Look at GM Corn Ban, Here’s Some Reactions to Keep in Mind - Seed World](https://feedsoft.ai/events/35910-as-mexico-continues-to-look-at-gm-corn-ban-here-s-some-reactions-to-keep-in.md) | +0.5% | -0.2% |
| 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% |

## Sources

- qz.com: https://qz.com/942713/mexico-is-meeting-with-brazil-and-argentina-on-corn-duty-free-trade-deals-and-calling-donald-trumps-anti-nafta-bluff

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