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Feb 6, 2025TRADEMexico

Mexico’s Actions on Corn Decree Welcomed by CRA

The Corn Refiners Association welcomed Mexico's move to revoke two measures in the 2023 corn decree. CRA said the actions restore market access for biotech corn and praised the USMCA dispute process.

The group framed the step as a foundation for the USMCA review.

WHY IT MATTERS

Restored access for biotech corn supports US corn demand from Mexico, a bullish factor for corn prices.

AFFECTSCORN▲

SOURCE
corn.orgShannon McNamaraFeb 6, 2025

Price reaction & history

CORN▲bullishSO FAR1d +0.2%5d +1.4%20d -7.2%

After 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.

Feb 6, 2025United States Welcomes Mexico’s Actions Towards Resolving USMCA Biotech Corn Dispute | United States Trade Representative+1.4%
Jan 6, 2025Canadian grain industry welcomes ruling against Mexico's restrictions on GM corn - RealAgriculture+4.1%
Feb 6, 2025USDA Applauds Mexico’s Action Towards Resolving USMCA Dispute on GE Corn | USDA+1.4%
Nov 29, 2022Mexico open to deal with U.S. on GMO corn as farmers demand clarity over ban | Reuters-3.8%
May 8, 2024US counters Mexican arguments on GE corn ban | Agri-Pulse Communications, Inc.+0.4%

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.

CORN · GP ▸

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