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USTR welcomed Mexico's action declaring ineffective two measures from its 2023 corn decree: a ban on GE corn in dough and tortillas, and a directive to phase out GE corn in other food uses and animal feed. The US will monitor Mexico's compliance with USMCA commitments.
The US exported $5.6 billion of corn to Mexico in 2024.
Removing the phase-out of GE corn in animal feed secures Mexico as the largest market for US corn, supporting demand and export prices for US corn.
ustr.govFeb 6, 2025After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% 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.
