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Mexico and the U.S. remain far apart on Mexico's planned corn import ban. U.S. farmers fear losing their largest export market for corn, which buys about $3 billion of U.S. GM feed corn annually.
A lasting impasse keeps uncertainty over a key export outlet for U.S. feed corn, which weighs on corn export demand and prices.
apnews.comJan 24, 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.
