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Mexico is moving to embed its GM corn ban in national food production standards, including a revised standard for corn dough for tortillas that bars GM white corn. The step makes the prohibition harder to reverse than a presidential decree as the dispute enters its final phase with the US.
A codified ban makes a lasting loss of Mexican demand for biotech US corn more likely, which is bearish for US corn export prices over the longer term.
agri-pulse.comBill TomsonAug 30, 2023After 310 past bearish policy events, CORN moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% 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.
