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A US Grains Council board member said the organization is working in Mexico to overturn the GMO corn ban. He warned that any further disruption to export demand would hurt farmers already facing lower commodity prices.
Continued uncertainty over Mexico's GMO corn ban keeps risk on US corn export demand, a modest bearish factor for corn prices.
brownfieldagnews.comJared WhiteAug 20, 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.
