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Mexico's decree banning genetically modified corn puts the US's largest corn export market at risk, with Mexico having been the top buyer for seven of the past ten years. Industry experts warn the dispute could also jeopardize other markets if left unresolved.
Mexico bought about $5.4 billion of US corn in 2023, so a loss of this market would weigh on US corn export demand and prices.
agriculture.comCassidy WalterAug 22, 2024After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% 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.
