# Mexico minister plans South America trip amid U.S. corn uncertainty

> Mexico's agriculture minister Jose Calzada said he will lead a business delegation to Argentina and Brazil within 20 days to explore buying yellow corn. He added that the government could consider quotas or changes to the tariff regime for South American imports. The move is part of an effort to reduce dependence on the US.

- Date: 2017-02-16 · published 2017-02-16T12:00:00.000Z
- Category: trade · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/72495-mexico-minister-plans-south-america-trip-amid-u-s-corn-uncertainty
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A formal trade mission and possible quotas or tariff changes on South American corn would directly reduce Mexico's purchases of US corn. That is bearish for US corn export prices.

## Read by commodity

- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-11-15 | [Uncertainty for the Corn Industry in Mexico \| Insights \| Holland & Knight](https://feedsoft.ai/events/38656-uncertainty-for-the-corn-industry-in-mexico-insights-holland-and-knight.md) | -1.3% | -5.1% |
| 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 | 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% |
| CORN | 2017-03-27 | [Mexico considers granting duty-free access to South American corn - Brownfield Ag News](https://feedsoft.ai/events/71977-mexico-considers-granting-duty-free-access-to-south-american-corn-brownfield-ag.md) | +1.6% | +1.0% |
| CORN | 2022-12-07 | [Mexico to rework divisive decree on GM corn - minister](https://feedsoft.ai/events/38227-mexico-to-rework-divisive-decree-on-gm-corn-minister.md) | +1.6% | +3.5% |

## Sources

- reuters.com: https://www.reuters.com/article/us-usa-trade-nafta-mexico-idUSKBN15V2O1/

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