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Pesticide and biotech companies, including CropLife and Bayer, Syngenta, BASF and Corteva, met in Mexico City to discuss concerns over Mexico's campaign against GM corn and glyphosate. US government action on a possible USMCA dispute has still not been taken.
The meetings signal industry worry about Mexico's broader biotech regulation, which could further restrict US corn and seed trade. The price impact is indirect until a formal action is taken.
agri-pulse.comBill TomsonMay 31, 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.
