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Researchers at the Autonomous University of Chapingo unveiled progress on non-GM yellow corn seed varieties intended to replace imports. The project targets about 6 million of Mexico's 18 million tonnes of annual US corn imports within two years, with testing in 2024 and release in 2025.
Replacing a third of Mexico's corn imports over the long run would be bearish for US corn export demand, though the timeline is distant and the effect is not yet priced in.
cyprus-mail.comReuters News ServiceOct 3, 2023After 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.
