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The United States threatened legal action on Monday against Mexico's planned ban on GM corn imports. The planned ban would halve Mexico's imports of U.S. yellow corn, according to a Mexican agriculture official.
A formal trade dispute under USMCA would add uncertainty to a market that takes about half of its yellow corn exports to Mexico. Threatened action raises the risk that the ban disrupts U.S. corn export flows.
reuters.comNov 29, 2022After 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.
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.
