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An IATP piece argues the US-Mexico GM corn dispute is based on misreadings of USMCA biotech provisions, which do not require Mexico to approve GM imports. It says Mexico's restrictions are a reasonable response to market volatility and food self-sufficiency needs.
The argument that USMCA does not require GM corn approval suggests the dispute may be resolved less favorably for US exporters, limiting expected corn demand growth from Mexico.
iatp.orgKaren Hansen-KuhnSep 6, 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.
