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President López Obrador said Tuesday he is considering allowing imports of genetically modified yellow corn for livestock feed. The comment marks a shift from earlier government statements committed to phasing out GMO corn by early 2024.
Possible exceptions for feed corn would support U.S. yellow corn export demand and reduce the expected loss of Mexican imports. The softer stance eases downside pressure on corn prices.
bloomberg.comEric Martin, Mike Dorning, Maya AverbuchNov 22, 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.
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.
