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A USDA Foreign Agricultural Service report says Mexico published a modified 2023 corn decree on February 13, effective the next day. The decree repeals the 2020 GE corn decree and shifts toward gradually replacing biotech corn used for human consumption and animal feed.
The decree keeps a phased path to restricting biotech corn in feed, which leaves a lasting risk to US yellow corn exports to Mexico and a modest bearish overhang on corn prices.
fas.usda.govMar 17, 2023After 310 past bearish policy events, Corn moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% 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.
