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Mexico's Supreme Court rejected Bayer's appeal, reinforcing a 2013 precautionary-principle ruling that lets authorities block GM crop planting permits. The government stopped short of banning GM corn imports, which Mexico had refused for the first time in October.
Import flows of US corn into Mexico continue, but the ruling raises the risk of future import restrictions. The market impact is limited for now.
dialogue.earthPatrick MooreMar 3, 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.
