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Mexico's incoming leadership will not pursue the outgoing president's goal of reducing yellow corn imports, according to agriculture minister Julio Berdegue. Mexico imported 15.3 million tonnes of corn in 2023 and expects to import 14 to 16 million tonnes of yellow corn this year.
A final dispute panel report on the GM decree is expected in November.
Sustained large Mexican yellow corn imports, mostly from the US, support export demand and corn prices.
world-grain.comSusan ReidyJul 2, 2024After 318 past bullish policy events, CORN moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% 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.
