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Sheinbaum reaffirmed Mexico's ban on planting and consumption of GMO white corn. The Pro Farmer report is a broad market wrap, with corn, soybeans and wheat lower overnight and crude oil down more than $3.
Reaffirmation of the ban keeps a risk to US corn exports to Mexico in place, which weighs on US corn demand expectations.
profarmer.comJim WiesemeyerOct 15, 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.
