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A USMCA panel found Mexico's restrictions on US genetically modified corn violate the trade agreement. Mexico's government expects local buyers to import a record 22.3 million metric tons in the 2023/24 season, and US corn exports to Mexico reached $4.8 billion through October.
Confirms continued access to the largest US corn export market, where record Mexican import demand supports US corn export prices.
reuters.comDavid LawderDec 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.
