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The U.S. has launched USMCA dispute proceedings against Mexico's GM corn ban, arguing it lacks scientific basis. Agriculture Secretary Vilsack said the U.S. seeks to prevent disruption to bilateral farm trade.
Canada has joined as a third party and a panel hearing is expected soon.
A formal trade dispute over Mexico's largest corn import source raises the risk of restricted U.S. corn exports, which weighs on the export outlook.
ielp.worldtradelaw.netLogan CastellanosJan 11, 2024After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% 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.
