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A federal judge in Mexico declared the 2020 presidential decree that would eliminate glyphosate and transgenic corn by 2024 unconstitutional. The injunction, granted on July 12 to Monsanto, says the decree lacks legal grounds and does not justify its health-risk claims.
The government has ten days to challenge the ruling before a collegiate circuit court.
Removing the threat of a GM corn import phase-out supports continued U.S. corn sales to Mexico, the largest buyer of U.S. corn, which underpins export demand and prices.
geneticliteracyproject.orgGLP EditorJul 15, 2022After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% 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.
