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Mexican government data show glyphosate imports from January to July 2021 were about one tenth of the same period in 2019. The decline follows a December 2020 presidential decree to phase out glyphosate and transgenic corn for human consumption.
Restricted herbicide supply in Mexico is a policy signal on the country's GM corn stance, with limited direct effect on grain prices.
After 1,623 past policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.4% to +1.5%), and +0.4% 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.