Loading…
POLITICO reports that Mexico has become the main battleground between its push to protect native corn and US efforts to counter the movement against GM food and agrichemicals. President López Obrador has pledged to phase out GM corn and glyphosate by 2024.
Mexico is among the world's largest corn importers and buys mostly US GM corn.
Mexico's planned restrictions on GM corn imports put a large share of US corn export demand at risk, which is a longer-term bearish factor for US corn prices.
politico.euGabriela GalindoNov 3, 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.
