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The National Corn Growers Association called on the Biden administration to start USMCA dispute settlement over Mexico's new biotech corn decree. The group said the decree's accelerated timeline is a serious concern.
The decree bans biotech corn for certain food uses and continues to allow feed imports.
A formal USMCA dispute would raise the risk of disrupted US corn exports to Mexico, the top market for US corn. Feed imports remain allowed, so the price effect is limited for now.
ncga.comNational Corn Growers AssociationFeb 14, 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.
