# Exclusive: Mexico says it won't modify decree on GM corn ahead of USMCA panel

> Mexico's economy minister said Mexico will not make further changes to its GM corn decree before the USMCA panel proceeds. The decree maintains a ban on GM corn for human consumption while allowing its use in animal feed and industrial products.

- Date: 2023-08-22 · published 2023-08-22T12:00:00.000Z
- Category: trade · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/34538-exclusive-mexico-says-it-won-t-modify-decree-on-gm-corn-ahead-of-usmca-panel
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Mexico's refusal to soften the decree keeps uncertainty over US corn exports elevated, and the animal-feed uses that remain allowed limit the immediate demand hit.

## Read by commodity

- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-12-07 | [Mexico to rework divisive decree on GM corn - minister](https://feedsoft.ai/events/38227-mexico-to-rework-divisive-decree-on-gm-corn-minister.md) | +1.6% | +3.5% |
| CORN | 2018-06-14 | [Exclusive: Mexico studies tariffs on billions of dollars of U.S. corn, soy](https://feedsoft.ai/events/64506-exclusive-mexico-studies-tariffs-on-billions-of-dollars-of-u-s-corn-soy.md) | -3.8% | -6.7% |
| CORN | 2024-11-21 | [EXPLAINER \| United States Awaits USMCA Dispute Panel Report on Mexico's Genetically Engineered Corn Decree \| Wilson Center](https://feedsoft.ai/events/27395-explainer-united-states-awaits-usmca-dispute-panel-report-on-mexico-s.md) | -3.5% | +1.6% |
| CORN | 2024-03-07 | [Mexico waiting on US proof that GM corn safe for its people, deputy ag minister says \| Reuters](https://feedsoft.ai/events/31177-mexico-waiting-on-us-proof-that-gm-corn-safe-for-its-people-deputy-ag-minister.md) | +1.4% | -1.8% |
| CORN | 2022-10-27 | [EXCLUSIVE: EXCLUSIVE Mexico to proceed with GMO corn ban, seeks international grain deals -official \| Reuters](https://feedsoft.ai/events/39106-exclusive-exclusive-mexico-to-proceed-with-gmo-corn-ban-seeks-international.md) | -2.0% | -2.6% |

## Sources

- reuters.com: https://www.reuters.com/world/americas/mexico-says-wont-modify-decree-gm-corn-ahead-usmca-panel-2023-08-21/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.