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U.S. officials said enforcement actions under USMCA could be taken against Mexico over its GMO corn decree. Mexico proposed delaying the ban to 2025 and exempting yellow feed corn, but U.S. officials said these changes are insufficient.
Mexico is the second-largest market for U.S. corn, and an exemption for yellow feed corn would protect most livestock-feed shipments, so the dispute's outcome matters for corn export prices.
strtrade.comSandler, Travis, Rosenberg, P.A.Jan 25, 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.
