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Mexico's Loyal US Corn Buyer
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Overview
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Mexico remains the top corn buyer from the U.S., despite Brazil's growing market share, with a record volume of U.S. corn shipped in 2023-24. The U.S. challenges Mexico's efforts to ban or limit GM corn imports, while Brazil also plays a role in the corn trade. The potential resolution of the U.S.-Mexico dispute under the USMCA is uncertain, with the U.S. maintaining its position as Mexico's top corn supplier.
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How do trade agreements, such as the USMCA, influence the dynamics of corn trade and market competition?
How might the ongoing dispute between the U.S. and Mexico impact the global corn trade and market dynamics?
What strategies could Mexico and Brazil employ to strengthen their positions in the corn export market?
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