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Feb 14, 2023POLICYMexico

Mexico opens door for GM corn in animal feed, industrial use

Mexico scrapped its January 2024 deadline to ban genetically modified corn for animal feed and industrial use, via a government decree. The ban on GM corn for human consumption and the herbicide glyphosate was retained.

WHY IT MATTERS

Mexico, the largest buyer of US corn, keeps feed-corn imports open for now, easing fears of a near-term loss of demand for US yellow corn used in feed. The trade dispute remains unresolved, so US corn export risk persists.

AFFECTSCorn▲

SOURCE
reuters.comCassandra GarrisonFeb 14, 2023

Price reaction & history

Corn▲bullishSO FAR1d -0.2%5d -0.8%20d -5.8%

After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% over 20.

Apr 9, 2021Vilsack claims Mexico GMO corn ban doesn’t apply to animal feed - The Organic & Non-GMO Report+1.1%
Mar 26, 2021Vilsack: Mexico GMO corn ban won't apply to animal feed - KBHB News+1.2%
Dec 1, 2020Monsanto Sees Prolonged Delay on GMO Corn Permits in Mexico | Feed & Grain-0.4%
May 2, 2025Mexico Bans GM Corn Cultivation in Constitutional Reform - Havana Times-3.8%
Jul 15, 2022Mexico’s glyphosate and GMO corn ban overturned by federal judge-10.7%

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.

Corn CORN · GP ▸

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