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USDA and USTR officials met Mexican government counterparts in Mexico City on January 23, 2023 about President López Obrador's decree to phase out GE corn by January 31, 2024. They said Mexico's proposed modifications are not sufficient and not grounded in science.
A phase-out of biotech corn imports threatens Mexico's roughly $3 billion annual purchases of U.S. feed corn, which would pressure U.S. corn export demand and prices.
fas.usda.govJan 23, 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.
