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A law firm analysis describes the US-Mexico GMO corn dispute, noting the February decree's ban on GM corn for nixtamalization and flour and its aim to phase out GM corn in animal feed. It notes Mexico is the second-largest market for US corn at $4.79 billion in 2022.
Most US corn exports to Mexico are yellow feed corn, so a phase-out extended to animal feed would directly threaten a large share of US corn demand.
haynesboone.comEdward LebowAug 24, 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.
Not enough comparable past events yet for a historical read.
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.
