◂ Event Timeline

Oct 28, 2022TRADEUS

Vilsack 'confident' in US corn exports to Mexico despite reported expansion of biotech ban

US Agriculture Secretary Tom Vilsack said he is confident corn sales to Mexico will continue as planned, citing talks with Mexican Agriculture Secretary Victor Villalobos. He disputed the deputy minister's forecast that Mexico would halve US corn imports under the GMO ban set for January 2024.

WHY IT MATTERS

The conflicting official signals leave uncertainty over the size of Mexico's US corn import loss, which keeps a risk premium on US corn export expectations.

AFFECTSCorn◆

SOURCE
agri-pulse.comBill TomsonOct 28, 2022

Price reaction & history

Corn◆neutralSO FAR1d -0.1%5d -2.5%20d -2.0%

After 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.

Dec 16, 2022Mexico offers new alterations to decree banning GM corn | Agri-Pulse Communications, Inc.+0.7%
Jul 27, 2022USGC’s LeGrand sees hurdles in Mexico, hope elsewhere | Agri-Pulse Communications, Inc.+3.1%
May 31, 2022Vilsack Gives Assurances on US Corn Exports to Mexico | Hoosier Ag Today-0.8%
Mar 12, 2018Syngenta agrees to $1.5 B settlement of corn trait litigation | 2018-03-12 | Agri-Pulse | Agri-Pulse Communications, Inc.+1.7%
Feb 21, 2018Global protectionism threatens US ethanol exports, industry says | 2018-02-20 | Agri-Pulse | Agri-Pulse Communications, Inc.+0.8%

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.

Corn CORN · GP ▸

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