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Mexico filed a 189-page report with a USMCA panel defending its limits on GM corn in tortillas and dough and its order to stop glyphosate use. The filing argues health and safety concerns justify the restrictions.
The dispute with the United States continues.
Mexico is the largest buyer of US corn, so a ruling or policy shift that restricts GM corn could alter US corn export flows and weigh on corn prices.
After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.