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US Agriculture Secretary Tom Vilsack told Senate Agriculture lawmakers he is confident Mexico will keep importing US biotech corn under USMCA rules, despite Mexico's planned ban by 2024. He said he had raised the issue personally with Mexico's president.
Mexico is a top export market for US corn, so official assurances ease fears of lost demand, which limits downside pressure on US corn prices. The ban itself remains unresolved.
bio.newsBio.News StaffMay 31, 2022
hoosieragtoday.comProductionJun 1, 2022After 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.
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.
