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Mexico remains on track to fully ban glyphosate by 2024, with GM corn already banned under a separate decree. Farmers are reportedly shifting to unregulated herbicides ahead of the restriction, and Mexico has approved no biotech food or feed products since May 2018.
Continued restrictions on biotech approvals and GM corn raise the risk of lower US corn exports to Mexico, the key feed corn buyer, which is mildly bearish for corn.
geneticliteracyproject.orgGLP EditorApr 5, 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.
