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Farm Journal reports that Mexico's GM corn restrictions are likely to remain even though the US won a trade dispute. The same update covers Trump's tariff plans and cabinet and political appointments.
If Mexico keeps its restrictions, uncertainty over US corn sales to Mexico persists, but the outcome is largely expected and limits new price pressure.
profarmer.comJim WiesemeyerNov 11, 2024After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
