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IATP summarizes Mexico's final rebuttal in the USMCA dispute over its restrictions on GM corn and glyphosate, published June 19. Mexico argues its precautionary measures are allowed under the trade agreement and have had minimal impact on US exporters.
The dispute outcome determines whether Mexico's GM corn restrictions for food uses persist, which affects long-term US corn export demand to Mexico.
iatp.orgTimothy WiseJun 20, 2024After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
