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The USDA asked Mexico to delay implementation of NOM-187, which prohibits GM corn in human-consumption products, until trading partners can review it. The USDA also requested scientific evidence and clarification on several articles.
A delay would reduce near-term risk to U.S. corn exports to Mexico, while continued enforcement uncertainty keeps a bearish overhang on corn.
mexicobusiness.newsJul 20, 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.
