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A Mexican congressional committee advanced a reform that would allow GM corn into Mexico only for non-human consumption and only if the grain cannot germinate. The proposal comes amid the ongoing USMCA dispute with the United States.
Restricting GM corn to non-food, non-germinating uses would sharply limit US corn export access to Mexico, a bearish factor for US corn demand.
reuters.comAug 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.
