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Agriculture Secretary Tom Vilsack met with Mexican Agriculture Secretary Victor Villalobos and President Andrés Manuel López Obrador to press for biotechnology acceptance and to discuss the planned 2024 ban on GM corn for human consumption. Dairy groups also pressed for Canadian compliance on dairy access under USMCA after Canada's proposal on the dispute.
Mexico imports millions of tonnes of US corn mainly for animal feed, so any move to restrict biotech corn could reduce feed grain demand and pressure corn prices, though the outcome remains uncertain.
feedstuffs.comJacqui FatkaApr 6, 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.
After 93 past neutral policy events, Milk (Class III) moved a median -0.0% over 5 sessions (48% higher; middle half -0.6% to +0.6%), 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.
