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The US has moved to the next step in its dispute with Mexico over the decree limiting GM corn, after technical consultations failed to resolve the matter. The USMCA dispute settlement consultation period is 75 days before a possible panel.
The US Grains Council said it hopes the issue can be resolved without a panel.
A possible panel ruling could reshape Mexico's access for US biotech corn, which is central to US export demand. Until resolved, the uncertainty weighs on export expectations.
world-grain.comSusan ReidyJun 6, 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.
