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The US plans to request a USMCA dispute panel over Mexico's GM corn ban after the 75-day consultation period ended August 16. The US had also denied a Mexican request for joint scientific research on GM corn health impacts.
The move toward a formal panel increases the risk that Mexican demand for US corn is curtailed, a bearish factor for corn export prices.
world-grain.comJohn ReidyAug 17, 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.
