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US Representatives Feenstra and Kildee led a 19-colleague letter urging USTR and USDA to engage with new Mexican President Claudia Sheinbaum over Mexico's ban on US GM corn. The letter notes corn was the largest US agricultural export to Mexico in 2023, at over $5 billion.
Pressure to resolve the dispute could reopen Mexican demand for US corn, but no policy change has yet taken effect, so the price impact is limited.
feenstra.house.govOct 1, 2024After 439 past neutral policy events, CORN moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% 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.
