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USDA's Alexis Taylor said on January 19, 2023 that the U.S. is far from satisfied with Mexico's compromise on its biotech corn import restrictions. Mexico offered to delay implementation to 2025 and exempt feed corn, but did not meet all U.S. concerns.
Continued disagreement keeps the risk of restricted U.S. corn sales to Mexico open, which is bearish for U.S. corn demand.
agri-pulse.comBill TomsonJan 19, 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.
