# Proposal to ban open-pit mining advances in Mexican Congress

> 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.

- Date: 2024-08-15 · published 2024-08-15T12:00:00.000Z
- Category: policy · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/28745-proposal-to-ban-open-pit-mining-advances-in-mexican-congress
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

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.

## Read by commodity

- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-07-20 | [Mexico continues to amend proposed GM corn ban - Brownfield Ag News](https://feedsoft.ai/events/35020-mexico-continues-to-amend-proposed-gm-corn-ban-brownfield-ag-news.md) | +9.4% | -7.2% |
| CORN | 2022-09-27 | [U.S. needs to press Mexico on looming biotech corn ban, Vilsack says](https://feedsoft.ai/events/39580-u-s-needs-to-press-mexico-on-looming-biotech-corn-ban-vilsack-says.md) | +1.8% | +4.0% |
| CORN | 2020-12-15 | [Mexico proposes ban on glyphosate and GE corn - Brownfield Ag News](https://feedsoft.ai/events/49604-mexico-proposes-ban-on-glyphosate-and-ge-corn-brownfield-ag-news.md) | -1.7% | +15.6% |
| CORN | 2021-07-27 | [Mexico Court Upholds Presidential Decree to Ban Glyphosate, GMOs  - AgriBusiness Global](https://feedsoft.ai/events/46041-mexico-court-upholds-presidential-decree-to-ban-glyphosate-gmos-agribusiness.md) | +1.1% | -1.8% |
| CORN | 2021-05-24 | [Mexican judge rejects industry bid to halt GMO corn, glyphosate ban](https://feedsoft.ai/events/47083-mexican-judge-rejects-industry-bid-to-halt-gmo-corn-glyphosate-ban.md) | -0.3% | +2.2% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/proposal-ban-open-pit-mining-advances-mexican-congress-2024-08-15/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.