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A coalition of US agricultural organizations sent a letter to President Biden on November 17 raising concerns about Mexico's agricultural biotechnology policy. They argue the policy is out of step with Mexico's commitments under the USMCA.
The letter asks the administration to press these trade barriers in key export markets.
Trade barriers on biotech crops could reduce US corn and soybean export volumes to Mexico, the largest buyer of US corn, which weighs on US feed grain prices.
mobio.orgNov 17, 2021After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% 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.
