Mexico: Senator champions bill to stop US corn shipments

Source: KTIC AM 840 News

“A Mexican senator at a rally on Sunday proposed that Mexico stop buying U.S. corn in retaliation for some of President Donald Trump’s stances on our southern neighbors. Mexico is the top market for U.S. corn exports with Mexican buyers importing nearly 28% of all U.S. corn sent to foreign markets in the 2015-16 marketing year. CNN reported Sunday during a rally that Sen. Armando Rios Piter, ‘who leads a congressional committee on foreign affairs, says he will introduce a bill this week where Mexico will buy corn from Brazil and Argentina instead of the United States.’ … DTN Senior Analyst Darin Newsom noted any effort to shut down U.S. corn exports to Mexico would have a ripple effect across the ag economy. ‘We have an oversupply situation,’ Newsom said. ‘We can’t have any threats to demand. Corn’s the No. 1 agricultural market that we have. It’s not just the grain market. It’s all of the agricultural economy is tied back to corn.'” (02/14/17)

http://kticradio.com/agricultural/mexican-senator-champions-bill-to-stop-u-s-corn-shipments/