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Mexico's health authority Cofepris and scientific council Conacyt formed a working group to assess risks of GM corn consumption, following a U.S. request for trade consultations. Mexico imports about 17 million tonnes of GM corn, mostly for animal feed.
A risk review could lead to restrictions on the large GM corn import flow to Mexico, which would be bearish for U.S. corn exports and prices.
world-grain.comJohn ReidyApr 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.
