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Mexico's foreign ministry said on Friday that it aims to reach an agreement with the United States in January over Mexico's planned ban on genetically modified corn imports. Talks would continue in the meantime toward a mutual understanding.
Mexico imports about 17 million tonnes of US corn a year, so the outcome of the GM corn dispute directly affects US corn export demand. A deal that allows feed corn would limit downside for US corn prices.
reuters.comDec 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.
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.
