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Mexico's Deputy Agriculture Minister Victor Suarez called the US request for USMCA trade consultations an unacceptable violation of Mexican law. He said the GM corn policy will not affect US corn farmers.
The dispute stage sets up a possible trade panel that could lead to tariffs, a risk to US corn exports to Mexico. The story repeats a March consultation request already known to the market.
globalaffairs.orgKailey GriffithMay 12, 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.
