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The United States requested trade consultations with Mexico after Mexico moved to restrict GM corn imports, arguing the corn could contaminate native varieties and harm health. Mexico responded by announcing it will study the impact of GM corn on tortillas.
The dispute creates uncertainty over Mexico's large GM corn import demand, which is a mild bearish factor for U.S. corn prices.
reuters.comApr 11, 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.
