A change in policy was being talked about that would have dramatically altered the trading between Mexico and the United States.
A change in policy was being talked about that would have dramatically altered the trading between Mexico and the United States.
Transcript
U.S. grown genetically modified corn will still be welcome in Mexico past 2025 but only for use in animal feed. The proposed ban on imports would have dramatically altered the biggest destination for 17 million tonnes of American yellow corn - or about $3 billion worth of product.
Mexico’s Ministry of Economy announced Monday they will carry out a gradual substitution of GM feed and milled corn, but left the dates for doing so open ended. However, Mexican experts, and authorities from other countries, will be looking at potential health issues.
Corn has a long history in Mexico. The first domesticated varieties were grown around 9,000 years ago. In order to protect native corn varieties, America’s number one trading partner will prohibit the import of GM corn seeds and block the use of GM corn for human consumption.
The ban had created some tension between the two trading partners and even raised fears of a possible violation of the U.S. - Mexico - Canada trade agreement.
The U.S. Trade Representative has been saying for several months Mexico’s position was not grounded in science and threatened to cause serious economic harm to U.S. farmers and livestock producers.
For Market to Market, I’m David Miller.
Watch More
Agriculture gets sorted to the side during high-stakes negotiations with China. The yeas have it - E15 is approved in the House but not without some pushback. Revving up fans, drivers, and rural communities on the dirt track. And, commodity market analysis with Naomi Blohm.
President Trump met with Chinese President Xi this week in a highly anticipated two-day summit.
Oil, fertilizer, and protein join the discussion for our Market Plus with Naomi Blohm along with corn, soybeans and weather.
One wet blanket hangs over the corn market in our Market Analysis with Naomi Blohm. We also cover cheese and soybean demand as part of the commodity story.
The U.S. House approved the sale of year-round E15. The bill now goes to the U.S. Senate.
Underneath the fun and excitement surrounding the rituals of dirt track racing at local speedways are the spinning wheels of economic good that smalltown race tracks bring to their communities.