Loading…
U.S. and Mexican officials met privately over Mexico's ban on tortilla makers using genetically modified white corn. A Mexican government webinar argued GM corn and glyphosate threaten biodiversity, but presented little evidence of a health risk, according to U.S. industry and government reviews.
The continuing standoff keeps Mexican demand for U.S. white corn uncertain, a modest bearish factor for corn prices.
agri-pulse.comBill TomsonApr 5, 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.
