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Mexico is reported to be open to a deal with the U.S. on genetically modified corn as U.S. farmers seek clarity on the planned import ban. The excerpt is partial and gives few details on the terms under discussion.
A deal that preserves U.S. yellow corn imports would support corn export demand and limit downside risk from the 2024 ban. Continued uncertainty keeps a risk premium on U.S. corn export expectations.
reuters.comCassandra GarrisonNov 29, 2022After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% 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.
