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US Agriculture Secretary Tom Vilsack said Mexico might review and potentially remove its ban on GM white corn imports after its June 2024 presidential election. He said he met his Mexican counterpart to urge a science-based approach.
A USMCA panel decision is not expected for months.
A possible policy reversal after the election would support future US white corn export demand, but the timeline is uncertain and the near-term impact on prices is limited.
agriculture.comDec 11, 2023After 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.
