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Mexico's plan to ban GMO corn imports has upset U.S. corn farmers and officials, with the two nations having until April 7 to resolve the dispute. Mexico imported nearly $5 billion of U.S. corn in 2022, and the U.S. could file a formal USMCA complaint.
A ban on GMO corn imports by a top market would threaten U.S. corn export demand, which is bearish for corn prices.
kosu.orgKatie PeikesApr 3, 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.
