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Mexico extended the timeline for banning imports of US GMO corn until 2025, originally slated for March 2024. The delay addresses concerns about agricultural output and food security, and officials are searching for alternatives to glyphosate.
The postponement keeps US corn exports to Mexico, mostly used for animal feed, flowing for longer, supporting corn demand relative to an earlier ban.
ukragroconsult.comApr 16, 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.
