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An industry commentary argues that Mexico's failure to honor USMCA and WTO commitments on agricultural biotechnology will hinder investment and market access. It notes Mexico has halted biotech approvals since 2018 and has delayed risk assessments for about 25 products, and it asks whether the policy will affect corn use in animal feed.
If Mexico restricts biotech corn imports ahead of its 2024 deadline, US corn export demand could shrink, which is bearish for corn prices. The effect depends on whether the policy is enforced.
afia.orgGuestDec 2, 2021After 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.
