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NCGA reports that USTR officials argued at the June 26-27 Mexico City USMCA hearing that Mexico lacks scientific evidence for its GM corn ban. The panel is expected to render a decision around late November.
A favorable panel ruling would strengthen US corn export access to Mexico, but the decision is months away and the market impact is limited for now.
ncga.comNational Corn Growers AssociationJun 28, 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.
