The CEO of global agribusiness company Bunge Limited says U.S. corn is a better deal for Mexico than corn from Argentina or Brazil. Soren Schroder (shrow-der) says he does not think Mexico would start heavily buying corn from South America, simply because the U.S. offers a better deal, according to DTN. Schroder says Mexico purchasing corn other than from the U.S. would require a price shift in Brazil and Argentina. Concerns over Mexico sourcing corn beyond the U.S. surfaced this month after a Mexican lawmaker planned to introduce legislation to instruct the nation to buy corn from South America, rather than the United States. The bill is seen as a response to trade rhetoric by U.S. President Donald Trump. Trump plans to renegotiate the North American Free Trade Agreement, and build a wall between the U.S. and Mexico while implementing an import tax of 20 percent on Mexican goods entering the United States.
From the National Association of Farm Broadcasting news service.