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The Biden administration is quietly preparing a formal USMCA challenge to Mexico's ban on GM white corn. Mexico has reversed earlier rejections of US biotech seed trait applications and says its decree preserves commercial flows.
A possible formal dispute threatens US corn shipments to Mexico, a key outlet for US corn. Mexico's trait approvals may ease near-term trade flows, leaving the outcome uncertain.
agri-pulse.comBill TomsonMay 10, 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.
