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US officials said the dispute puts about $5 billion of US corn exports to Mexico at risk. The US has requested formal talks with Mexico over its GMO corn restrictions.
USTR data show the US exported $28 billion in agricultural goods to Mexico in 2022.
Roughly $5 billion in annual corn exports is at risk. A breakdown in talks would pressure US corn prices, since Mexico is the largest outlet for US corn.
reuters.comCassandra GarrisonMar 6, 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.
