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A USMCA dispute panel ruled in favor of the United States on all seven claims, finding that Mexico's restrictions on genetically engineered corn were not based on science and undermined the market access Mexico committed to. USDA and USTR hailed the decision as securing full and fair access to the Mexican market.
The ruling removes the threat of Mexico's GE corn import restrictions on the largest US corn export market, supporting US export demand and corn prices.
usda.govDec 20, 2024After 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.
