The Mexican government said it is prepared to defend its ban on U.S. genetically modified corn.
Agricensus reports the Ministry of Agriculture’s Undersecretary of Food Self-Sufficiency held a news conference on Thursday.
“If necessary, the Mexican government, if the United States government calls for it, will go to the dispute panel, but we will not cede in something that is vital as a right of our country and as a right of our people,” said Victor Suárez.
He claims the U.S. opposition to the glyphosate ban has more to do with large seed firms than American farmers, and presented 2020 data that suggests four companies control half of the world’s seeds.
“The U.S. government’s argument that prompted formal trade talks is that Mexico’s self-sufficiency policies and the presidential decree at hand affect U.S. corn producers and hinder bilateral trade,” said Suárez. “These arguments that the U.S. government presents are false.”
Suárez added that the volume and value of imports have been more than substantial and trending higher.
According to USDA export data, Mexico accounts for more than a third of U.S. corn exports so far this marketing year.
As for a formal dispute under the USMCA trade agreement, the technical consultation period is over. It is now up to the U.S. Trade Rep’s office to file a formal dispute.
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Economists are also closely watching how policy decisions in Washington could influence markets moving forward. Analysts say deferred futures for corn, soybeans, and wheat suggest markets are operating near break-even levels, not at prices that would encourage expanded production.
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Traders say that shift could eventually prompt the USDA to scale back soybean export projections, noting the outlook differs greatly for other grain commodities.
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The changing political climate in America is leading to a drop in migrant crossings near the U.S.-Mexico border, where ranchers like Dr. Mike Vickers say they witnessed horrors from death to child trafficking.
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STRAUSS CEO Henning Strauss joined us with a preview of “Meet Strauss: The Tool You Wear,” premiering live tonight at 7:30 ET — only on RFD Network and RFD+
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USDA Undersecretary for Trade and Foreign Agricultural Affairs Luke Lindberg joined us with a recap of the Malaysia trade mission and a look at USDA’s broader trade strategy moving forward.
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