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USDA Secretary Tom Vilsack and USTR Katherine Tai met with a senior Mexican government delegation in Washington on December 16, 2022, about Mexico's 2020 decree restricting biotech corn imports. The Mexican side proposed amendments to the decree, and both sides agreed to review them and follow up quickly.
A possible easing of Mexico's GM corn restrictions would protect the largest export market for US corn, which took about 27% of US corn exports in 2021/22. Continued uncertainty keeps a downside risk on US corn export demand.
usda.govDec 16, 2022After 480 past neutral trade events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
Not enough comparable past events yet for a historical read.
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.
