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The US agriculture secretary said Washington was disappointed with Mexico's revised GM corn decree. Mexico buys about 17 million tonnes of mostly GM yellow corn from the US each year, mainly for animal feed.
The disappointment signals continued trade friction that could lead to a USMCA dispute, a risk to US corn export demand. Feed-corn imports are protected for now, which limits the immediate price impact.
reuters.comLeah DouglasFeb 14, 2023After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
