◂ Event Timeline

Jun 24, 2024TRADEMexico

Next steps on the USMCA corn case: What the panelists should ask

IATP previews a June 26-27 USMCA panel hearing in Mexico on Mexico's GM corn and glyphosate restrictions. A preliminary decision is expected in the fall, and the hearing is the last scheduled intervention before it.

WHY IT MATTERS

The panel process sets the timeline for resolving restrictions on US corn exports to Mexico, so market participants will watch for a fall ruling.

AFFECTSCorn◆

SOURCE
iatp.orgKaren Hansen-KuhnJun 24, 2024

Price reaction & history

Corn◆neutralSO FAR1d -2.2%5d -7.2%20d -5.0%

After 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.

Jun 20, 2024Takeaways from Mexico’s final rebuttal on the USMCA GM corn case | IATP-6.0%
Jun 24, 2024USMCA panel hearing on GM corn and glyphosate restrictions to be held this week | IATP-7.2%
Jan 16, 2020What is the toll of trade wars on U.S. agriculture? | PBS News+0.7%
Aug 24, 2021China’s "Phase One" trade commitments expire soon, then what? - Brownfield Ag News-0.4%
Jan 15, 2020What's in the U.S.-China Phase 1 trade deal+0.3%

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.

Corn CORN · GP ▸

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