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Mexico issued a new decree on Monday banning GM white corn for food while temporarily allowing GM corn for feed and industrial use. The decree sets no time frame for blocking feed corn imports.
The US exported 15.4 million tonnes of corn to Mexico in 2022.
With feed-corn imports allowed for now, the immediate volume risk to US corn exports is limited. The lack of a deadline keeps uncertainty over future feed-corn demand, which weighs on US corn prices.
agri-pulse.comBill TomsonFeb 14, 2023After 439 past neutral policy events, CORN moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% 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.
