Mexico has officially reversed its ban on genetically edited and modified corn imports.
It comes after the U.S. successfully argued the measure violates its commitments under a North American free trade deal, according to AgriPulse.
Last December, a dispute resolution panel sided with the U.S., granting Mexico 45 days to comply or face potential tariffs. The move eliminates a significant trade barrier, as the U.S. is Mexico’s largest corn supplier.
President Claudia Sheinbaum continues to push for limits on GM corn production within Mexico.
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Argentina hopes to boost demand, but critics see the move as a blow to American farmers.
China is making strategic moves by purchasing more soybeans from Argentina and may soon follow the EU and reopen its market to Brazilian chicken exports.
Farmers should watch for soybean export rebounds with harvest, while corn and wheat shipments remain strong and sorghum demand struggles.
Rollins says the new trade relationship with Taiwan, which is committed to buying a significant amount of U.S. soy, could not come at a better time for farmers facing financial strain.
The three-point plan was announced during remarks at the annual meeting of the National Association of State Departments of Agriculture.
Higher tariffs may shield some U.S. crops but risk retaliation, lost markets, and higher costs for growers. The WTO disputes highlight the fragile balance between trade policy, farm exports, and input supply chains.
USMEF CEO Dan Halstrom joined us on Monday’s Market Day Report for his analysis on the U.S.-Taiwan trade agreement, which includes big bucks for U.S. Beef.
Record U.S. sorghum crop faces weak demand as China slashes imports, while corn farmers warn of rising costs, shrinking margins, and global market pressures.
