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A delegation of agriculture officials from the US, Canada and Mexico met in Mexico as part of the Tri-National Agricultural Accord Working Group on agricultural technology. The group discussed food security and biotechnology, focusing on Mexico's plan to phase out glyphosate and GMO corn by 2024.
Mexico is a major buyer of US corn, so uncertainty over its biotech rules could eventually weigh on US corn export demand. This session is a discussion stage, so the near-term price effect is limited.
brownfieldagnews.comMay 20, 2022After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% 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.
