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Corteva's Kevin Diehl says US grain exports to Mexico could face difficulty as a Mexican decree targets glyphosate-treated and GM crops by 2024. He notes Mexico takes roughly 5% of the US corn crop and calls for advocacy to resolve the issue.
Export risk to Mexico, a key buyer of US corn, is a bearish factor for corn if the decree is enforced, though the comments are advocacy rather than new policy.
hoosieragtoday.comDigital TeamAug 15, 2022After 310 past bearish policy events, CORN moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% 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.
