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Mexico Important Trading Partner for Corn

Nebraska Governor Pete Ricketts asked grain industry officials from Mexico and the United States join him Tuesday for a press conference to highlight the importance of Mexico to U.S. agriculture and how the North American Free Trade Agreement (NAFTA) has benefited both countries.
 
“Bilateral trade with Mexico has helped grow agriculture in our state over the years,” said Governor Ricketts. “Mexico is Nebraska’s largest export market for corn, dairy, sugar, and sweeteners, and second largest market for soybeans, wheat, sorghum, and distillers grains. All of this combined accounts for thousands of Nebraska jobs. I’m encouraged by local and national discussions to expand trade, and am committed to helping grow our trade relationship with Mexico so we can continue to grow Nebraska.”
 
The Nebraska Corn Board, the U.S. Grains Council, and the National Corn Growers Association are hosting a team of Mexican grain and industry officials in Nebraska for a town hall and industry meetings. Approximately 20 percent of U.S. corn and corn co-products are exported and Mexico is the largest market for U.S. corn. In 2016, U.S. corn exports to Mexico totaled 13.3 million metric tons (523.5 million bushels) of corn, valued at $2.5 billion. The U.S. also exported 1.9 million metric tons of distiller’s dried grains with solubles (DDGS), a byproduct of ethanol.
 
“Having these industry leaders here in the United States this week to share how NAFTA has impacted their companies and their country is invaluable to helping us communicate how important strong trade policy with our nearest neighbors is to the continued success of U.S. grain producers and exporters,” said USGC CEO Tom Sleight.
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USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.