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The National Corn Growers Association says USTR has finished technical consultations under the USMCA and can now start a formal dispute against Mexico's biotech corn ban. The group says a dispute process could take up to two years, and U.S. white corn growers face difficulty moving this year's crop.
Difficulty moving U.S. white corn to Mexico for food use adds downside pressure to corn demand and prices.
brownfieldagnews.comCarah HartApr 20, 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.
