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Mexico Threatens to Stop Buying U.S. Corn
USAgNet - 03/24/2017

Mexico has identified a potential weapon in its trade wrangle with President Donald Trump: lucrative yellow cobs of American corn. The Latin American nation imports billions of dollars' worth of the yellow grain from the United States to feed its livestock.

But with Trump pushing to shake up the countries' trade ties, Mexico is now threatening to buy from elsewhere. That is worrying corn growers in some of the very same US states that voted heavily in favor of Trump: Iowa, North Dakota, Kansas, Missouri and Nebraska.

Trump has vowed to restrict free trade with Mexico in order to protect US jobs and industry.

But with Mexico gearing up for a potential trade battle, the effect could be the opposite -- at least when it comes to corn.

Mexico's Agriculture Secretary Jose Calzada said Mexico is in advanced talks with two other corn producers, Brazil and Argentina.

The US grain is cheaper than those countries' corn at $198 a ton, says Juan Carlos Anaya, head of the Agricultural Markets Consulting Group, a Mexican research firm.

Brazilian corn costs $210 a ton and Argentine corn $217, Anaya said.


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