Loading…
The USTR says it has requested USMCA dispute settlement consultations with Mexico over agricultural biotechnology measures that it considers not science-based. Congressional leaders praised the move and urged Mexico to lift restrictions on US corn.
The statement is a commentary on the formal request filed earlier in June.
The dispute targets Mexico's GM corn rules, which threaten a market that takes most of US corn exports to Mexico. Continued escalation keeps downside pressure on US corn export expectations.
ustr.govJun 9, 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.
