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Mexico's 2020 decree to phase out GM corn for human consumption by January 2024 threatens a top US corn export market. Mexico is also considering a ban on 80 crop-protection products, and 2,000 pesticide registrations are pending.
Mexico takes a large share of US corn exports, so a biotech import ban would weaken US export demand and could pressure corn prices. Uncertainty over the timeline keeps this a medium-term risk.
business.theeveningleader.comBrandpointJun 7, 2022
markets.chroniclejournal.comBy:
BrandpointJun 7, 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.
