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Congressional members and BIO urged US officials to resolve the dispute over Mexico's planned biotech corn ban as Sheinbaum took office. Her incoming agriculture minister said the decree will stay in force, including an immediate ban on biotech corn for dough and tortillas.
A USMCA panel ruling could come soon.
Continued enforcement of the ban threatens US white and GM corn sales to Mexico, but the USMCA panel ruling could resolve the uncertainty and shift export expectations.
bio.newsTom PopperOct 4, 2024After 310 past bearish policy events, Corn moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% 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.
