Loading…
Researchers at the Autonomous University of Chapingo in Mexico showed progress in developing non-GM yellow corn seeds intended to replace US corn imports. The effort comes amid a major bilateral trade dispute over Mexico's restrictions on GM corn.
If Mexico can grow more domestic non-GM yellow corn, its long-term demand for US corn imports could shrink, a bearish factor for US corn exports, though the effect is years away.
reuters.comAdriana BarreraSep 22, 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.
