Loading…
Mexico's science agency halved its recommendation for glyphosate imports for this year. The move follows the 2020 executive order to phase out glyphosate and GM corn by 2024.
Lower glyphosate import allowances tighten Mexican agrochemical supply and reinforce the phase-out risk to US farm exports, a modest negative for US corn and soybean trade sentiment.
reuters.comJan 19, 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.
