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Mexico's agriculture minister said on October 20 that the domestic ban on growing biotech crops will not hinder U.S. corn export sales. Villalobos noted that Mexico is self-sufficient in white corn but depends on U.S. yellow corn for agro-industry.
He spoke during a visit to Iowa with Vilsack.
Mexico's continued reliance on imported yellow corn supports U.S. corn export demand. The assurance reduces the risk of a sharp fall in exports to the top market.
wlj.netChris Clayton, DTN ag policy editorOct 22, 2021After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% 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.
