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A Mexican court granted Bayer an injunction on July 12 that suspends the 2020 presidential decree ordering the phase-out of glyphosate and GM corn imports by 2024. The injunction lets Bayer keep supplying glyphosate and GM seeds until the court resolves the case on its merits.
Mexico's Environment Ministry said it disagreed with the ruling and would challenge it.
Continued access for GM corn supports Mexican demand for U.S. corn, a key export market, so the ruling is mildly supportive for prices while the legal challenge plays out.
agroberichtenbuitenland.nlJul 27, 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.
