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The Texas Farm Bureau says Mexico has delayed scientific risk assessments for 25 agricultural biotech products since 2018. It reports President López Obrador reaffirmed his plan to phase out biotech corn for human consumption by 2024 in an October letter to President Biden.
Companies and farmers may delay introducing new biotech crops if they cannot be sold into Mexico, which limits future US supply growth and export demand. The impact on current prices is limited.
texasfarmbureau.orgJulie TomascikDec 8, 2021After 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.
